CBRE Acquires Retail Property In Issaquah, WA For $57M
1170 Northwest Gilman Boulevard, Issaquah, Washington 98027, United States
$57,000,000
$343/SF
Building Size
166,000 SF
Asset Type
Retail
Closing
Aug 17, 2022
AI
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.
Players
Issaquah Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93