Updated Aug 24, 2026
Blake Baird Of Terreno Realty Corporation Acquires Industrial Property In Redmond For $8M
9680 153rd Avenue Northeast
$8,000,000
$381/SF
Building Size
21,000 SF
Asset Type
Industrial
Closing
Aug 19, 2026
About this deal
AI
An industrial property located at 9680 153rd Avenue Northeast in Redmond, Washington, has been sold. The asset covers an area of 1.5 acres and includes a total square footage of 21,000. The sale was completed for a total amount of $8,000,000, resulting in a price per square foot of $381.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,000,000
- Address: 9680 153rd Avenue Northeast
- Market: Redmond, WA
- Acres: 1.5
- Square Footage: 21,000
- Price per Square Foot: $381
- Buyer: Blake Baird
- Buyer's Company: Terreno Realty Corporation
Terreno Realty Corporation, represented by Blake Baird, has expanded its presence in the Seattle Eastside by acquiring this property, which adds a neighboring asset to its existing holdings in the region.
Redmond Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93