Pietromonaco Jackson Properties Acquires Office Building In Everett, WA For $14.25M
906 Southeast Everett Mall Way
$14,250,000
$78/SF
Building Size
182,000 SF
Asset Type
Office
Closing
Mar 1, 2023
AI
Pietromonaco Jackson Properties has acquired the office property located at 906 & 1000 Everett Mall Way in Everett, WA. The transaction was completed on January 3, 2023, with a sale price of $14,250,000. The property spans across 182,000 square feet, resulting in a price per square foot of $78. The seller of the property was Pfluegger-Everett Holdings LLC.
Summary of transation details
- Property Type: Office
- Transaction Amount: $14,250,000
- Address: 906 & 1000 Everett Mall Way, Everett, WA
- Market: Everett, WA
- Buyer: Pietromonaco Jackson Properties
- Seller: Pfluegger-Everett Holdings LLC
- Brokers: John Bauder, Ric Brandt & Erik Larson - CBRE
- SF: 182,000
- PPSF: $78
The deal was facilitated by CBRE brokers John Bauder, Ric Brandt, and Erik Larson. They represented both the buyer, Pietromonaco Jackson Properties, and the seller, Pfluegger-Everett Holdings LLC.
Players
Everett Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93