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14602 Northeast Fourth Plai...

Updated Dec 4, 2024

HDA Partners Acquires Y Plaza Retail Center In Vancouver For $3.6M
SOLDRetail

HDA Partners Acquires Y Plaza Retail Center In Vancouver For $3.6M

14602 Northeast Fourth Plain Boulevard

$3,600,000

Building Size

Asset Type

Retail

Closing

Oct 24, 2023

About this deal

AI

A 22,000-square-foot retail center located at 14602 Northeast Fourth Plain Boulevard in Vancouver, WA has been sold for a total of $3,600,000. The property, known as Y Plaza, was acquired by HDA Partners in a recent transaction.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,600,000
  • Address: 14602 Northeast Fourth Plain Boulevard, Vancouver, WA
  • Market: Vancouver, WA

HDA Partners, the buyer, purchased Y Plaza in Vancouver, WA. The seller, Slosar Properties, was represented by Deborah Ewing of Fuller Group Commercial Real Estate Services during the transaction. On the other hand, Eric M. Garske of Marcus & Millichap served as the buyer's representative. The deal was successfully closed with HDA Partners acquiring the property for $3.6 million.

Players

Eric M. Garske

Marcus & Millichap

Broker

$5.2M

vol

2 deals

Broker

Vancouver 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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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