Marcus & Millichap's Brian Leibsohn & RJ Vara Close $7.2M Sale Of Auburn Retail Center
1510 Industry Drive Southwest Auburn, Washington 98001, USA
$7,191,200
$486/SF
Building Size
14,775 SF
Asset Type
Retail
Closing
Jun 28, 2023
AI
Marcus & Millichap has announced the sale of Auburn Retail Center, a retail property located at 1510 Industry Drive Southwest, Auburn, WA. The property spans 14,775 square feet and was sold for a total price of $7,191,200, resulting in a price per square foot of $487.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $7,191,200
- Square Footage: 14,775
- Price per Square Foot: $487
- Address: 1510 Industry Drive Southwest, Auburn, WA
- Market: Auburn, WA
The sale of Auburn Retail Center was facilitated by Brian Leibsohn and RJ Vara from Marcus & Millichap's Seattle office. They represented the seller in the transaction and successfully closed the deal.
Players
Auburn 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
2.21%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93