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906 Southeast Everett Mall Way

Pietromonaco Jackson Properties Acquires Office Building In Everett, WA For $14.25M
SOLDOffice

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

John Bauder

CBRE

Broker

$17M

vol

2 deals

Broker
P
PropertiesBuyer

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