Marcus & Millichap Sells 76 Gas Station And Development In Burien, WA For $4.1M
18040 1st Avenue South & 18032 1st Avenue South
$4,100,000
$499/SF
Building Size
8,214 SF
Asset Type
Mixed-use
Closing
Nov 29, 2023
AI
Marcus & Millichap has reported the sale of the 76 Gas Station and Development, a 4,107-square-foot mixed-use property located at 18040 1st Avenue South & 18032 1st Avenue South in Burien, WA. The property was sold for $4,100,000, resulting in a price per square foot of $998.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,100,000
- Square Footage: 4,107
- Address: 18040 1st Avenue South & 18032 1st Avenue South
- Market: Burien, WA
Anne Goldman and RJ Vara of Marcus & Millichap represented the buyers and sellers in the transaction.
Note: Marcus & Millichap reported the sale of the 76 Gas Station and Development for $4.1 million.
Players
Burien 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93