Walter E. Nelson Co Acquires Bonney Lake Industrial Warehouse For $41M

A 193,000-square-foot industrial warehouse located at 9713 233rd Avenue East in Bonney Lake, WA, has been sold for $41 million. The property, owned by fitness equipment maker STL International Inc., was purchased by Walter E. Nelson Co. The sale price equates to approximately $212 per square foot.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $41,000,000
• Square Footage: 193,000
• Address: 9713 233rd Avenue East, Bonney Lake, WA
• Market: Bonney Lake, WA

Matt McLennan from Kidder Mathews represented the buyer, Walter E. Nelson Co, in this transaction. The seller, Chris Leier and Rylie Leier, were represented by STL International Inc. STL International Inc., the fitness equipment maker, had been the owner of this industrial warehouse situated in Bonney Lake.