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Colliers Sells Mukilteo Office Building For $2.375M - David Gunther Brokers Deal
SOLD
$2,375,000
Washington
See Similar DealsOffice5,504 SF
Sold 03/25/2024
SOLD
Colliers Sells Mukilteo Office Building For $2.375M - David Gunther Brokers Deal
3977 Harbour Pointe Boulevard Southwest
See Similar DealsOffice5,504 SF
Sold 03/25/2024
Summary
WASHINGTON
Asset Type:Office
Price Per Square Foot:$431
Total Square Footage:5,504 SF
Transaction Type:Sale
The two-story office building located at 3977 Harbour Pointe Boulevard Southwest in Mukilteo, Washington, was recently sold for $2,375,000. The property offers 5,504 square feet of office space and is situated near prominent locations like Paine Field Airport and Boeing’s Everett facility.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,375,000
- SF: 5,504
- PPSF: $432
- Address: 3977 Harbour Pointe Boulevard Southwest
- Market: Mukilteo, WA
David Gunther from Colliers played a key role as the broker in facilitating the sale of the office building. His expertise and representation were instrumental in completing the transaction successfully.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$126,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,437.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,258.71
Annual Debt Service$135,104.54
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