Marcus & Millichap Sells Walnut Street Business Park For $4.98M
1625 South Walnut Street Burlington, WA 98233, USA
$4,985,000
$150/SF
Building Size
33,198 SF
Asset Type
Mixed-use
Closing
Aug 29, 2023
AI
Marcus & Millichap has recently facilitated the sale of Walnut Street Business Park, a mixed-use property located at 1625-1635 South Walnut Street in Burlington, WA. This property spans a total of 33,198 square feet and was sold for a price of $4,985,000.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $4,985,000
- Market: Burlington, WA
- Brokers: Brian Leibsohn, Jarrod J. Huffaker & RJ Vara - Marcus & Millichap
- Square Footage: 33,198
- Price Per Square Foot: $150
Brokers Brian Leibsohn, Jarrod J. Huffaker, and RJ Vara from Marcus & Millichap were instrumental in overseeing this transaction. The sale of Walnut Street Business Park signifies their expertise and ability to successfully negotiate deals in the Burlington, WA market.
Players
Havre De Grace Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.18%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93