CBRE Acquires Retail Property In Issaquah, WA For $57M
SOLD
$57,000,000
Washington
See Similar DealsRetail166,000 SF
Sold 08/18/2022
SOLD
CBRE Acquires Retail Property In Issaquah, WA For $57M
1170 Northwest Gilman Boulevard, Issaquah, Washington 98027, United States
See Similar DealsRetail166,000 SF
Sold 08/18/2022
Summary
WASHINGTON
Asset Type:Retail
Price Per Square Foot:$343
Total Square Footage:166,000 SF
Transaction Type:Sale
The retail property located at 1170 NW Gilman Blvd in Issaquah, WA has recently been sold for a total price of $57,000,000. The property spans over 166,000 square feet, resulting in a price per square foot of $343. The sale was completed on August 18, 2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $57,000,000
- Square Footage: 166,000
- Price Per Square Foot: $343
- Address: 1170 NW Gilman Blvd, Issaquah, WA
The sale of this retail property was facilitated by Dino Christophilis and Daniel Tibeau of CBRE.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,040,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$202,508.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$270,209.08
Annual Debt Service$3,242,508.96
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