PrimeSpace Capital Acquires Land In Mill Creek WA For $2.05M With Nicolas DeVita As Buyer's Rep

This transaction involves a land asset located at 17414 Bothell-Everett Highway in Mill Creek, WA. The property was sold for $2,050,000, covering an area of 90,530 square feet, which results in a price per square foot of $22.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $2,050,000
• Square Footage: 90,530
• Price per Square Foot: $22
• Buyer: PrimeSpace Capital
• Seller: Columbia Pacific Advisors
• Buyer's Representative: Nicolas deVita - Colliers

PrimeSpace Capital's acquisition is intended for the development of a new Class A climate-controlled self-storage facility. This marks the firm's first acquisition on the West Coast, indicating their strategy of expanding into high-growth markets and pursuing value-add redevelopment and acquisition opportunities across the United States.