SF Lynnwood Crossroads LLC Acquires Lynwood Retail Property For $44.1M
19630 Washington Highway 99, Lynnwood, Washington 98036, United States
$44,100,000
$424/SF
Building Size
104,000 SF
Asset Type
Retail
Closing
Jul 31, 2022
AI
The retail property located at 19630 Highway 99 in Lynwood was recently sold for a total price of $44,100,000. The property spans a total area of 104,000 square feet, resulting in a price per square foot of $424. The transaction took place on August 1, 2022, and involved the buyer SF Lynnwood Crossroads LLC and the seller Sterling Realty Organization.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $44,100,000
- Square Footage: 104,000
- Price per Square Foot: $424
- Address: 19630 Highway 99, Lynwood
- Market: Lynwood
SF Lynnwood Crossroads LLC acted as the buyer in this transaction, while Sterling Realty Organization represented the seller. This sale represents a significant investment in the Lynwood retail market and showcases the demand for properties of this nature in the area.
Players
Lynnwood 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93