Steel Peak Acquires Mixed-Use Property In Kent WA For $5.65 Million From Fields Roof Service

The asset involved in the transaction is a mixed-use property located at 25924 78th Avenue South in Kent, WA. It was sold for $5,650,000 and has a total square footage of 8,160, resulting in a price per square foot of $692.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $5,650,000
• Buyer: Steel Peak
• Seller: Fields Roof Service
• Brokers: Jim Honan & Nicholas Ratzke - Neil Walter

In this transaction, Steel Peak notably acquired an industrial outdoor storage property, expanding their portfolio to six properties and marking their first IOS purchase outside California. The company specializes in investments in various real estate sectors, while Fields Roof Service completed the sale through their representatives.