SF Lynnwood Crossroads LLC Acquires Lynwood Retail Property For $44.1M
SOLD
$44,100,000
Washington
See Similar DealsRetail104,000 SF
Sold 08/01/2022
SOLD
SF Lynnwood Crossroads LLC Acquires Lynwood Retail Property For $44.1M
19630 Washington Highway 99, Lynnwood, Washington 98036, United States
See Similar DealsRetail104,000 SF
Sold 08/01/2022
Summary
WASHINGTON
Asset Type:Retail
Price Per Square Foot:$424
Total Square Footage:104,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,352,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$156,677.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$209,056.50
Annual Debt Service$2,508,677.99
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