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Marcus & Millichap's Brian Leibsohn & RJ Vara Close $7.2M Sale Of Auburn Retail Center
SOLD
$7,191,200
Washington
See Similar DealsRetail14,775 SF
Sold 06/28/2023
SOLD
Marcus & Millichap's Brian Leibsohn & RJ Vara Close $7.2M Sale Of Auburn Retail Center
1510 Industry Drive Southwest Auburn, Washington 98001, USA
See Similar DealsRetail14,775 SF
Sold 06/28/2023
Summary
WASHINGTON
Asset Type:Retail
Price Per Square Foot:$486
Total Square Footage:14,775 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$383,530.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,548.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,089.96
Annual Debt Service$409,079.48
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