Updated Mar 6, 2026
Gantry Secures $10.2 Million Refinance Loan For Historic Terminal Sales Building In Seattle
1932 1st Avenue
$10,200,000
$110/SF
Building Size
92,400 SF
Asset Type
Office
Closing
Mar 5, 2026
About this deal
AI
An 11-story office property located at 1932 1st Avenue in Seattle, WA, encompassing 92,400 square feet has been the subject of a refinancing loan. The refinance amounts to $10,200,000, securing financing for the historic Terminal Sales building near Pike Place Market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $10,200,000
- Address: 1932 1st Avenue
- Market: Seattle, WA
- Asset Size: 92,400 SF
- Loan Type: Refinance
Mike Wood and Tim Brown from Gantry acted as the representatives in this refinancing deal, facilitating the transaction for the historic office property.
On the Map
$10,200,000
$110/SF
Office
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Seattle Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93