Killian Pacific Acquires Land In Vancouver, WA For $96M With Colliers & Newmark Brokers
705 Southeast Victory Avenue
$96,000,000
Building Size
—
Asset Type
Land
Closing
Feb 1, 2024
AI
A 113-acre parcel at the Columbia Business Center in Vancouver, Washington, has been sold for $96 million in the largest transaction by total consideration for industrial land in the Portland, Oregon/Vancouver market.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $96,000,000
- Address: 705 Southeast Victory Avenue
- Market: Vancouver, WA
The sale was facilitated by Brian Yoakum and Jerry Matson from Colliers International, along with Grant Gooding, Jakob Nicholls, Kellen Kollmorgen, Nicholas Kucha, and Steven Golubchik from Newmark. The buyers were represented by Killian Pacific in this significant transaction.
Players
Vancouver Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93