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Marcus & Millichap Facilitates $9.6 Million Sale Of 192nd Plaza Retail Property In Camas

Property Image
SOLD
$9,600,000

Washington

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Retail69,846 SF
Sold 08/05/2024
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Property Image
SOLD

Marcus & Millichap Facilitates $9.6 Million Sale Of 192nd Plaza Retail Property In Camas

2005 Southeast 192nd Avenue & 2011 Southeast 192nd Avenue

See Similar Deals
Retail69,846 SF
Sold 08/05/2024
Contact now

Summary

WASHINGTON
Asset Type:Retail
Price Per Square Foot:$137
Total Square Footage:69,846 SF
Transaction Type:Sale

The sale involved a retail property located at 2005 Southeast 192nd Avenue and 2011 Southeast 192nd Avenue in Camas, WA. The transaction was finalized for $9,600,000, with the property covering a total area of 34,923 square feet, resulting in a price per square foot of $275.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $9,600,000
  • Square Footage: 34,923
  • Price per Square Foot: $275
  • Address: 2005 Southeast 192nd Avenue & 2011 Southeast 192nd Avenue
  • Market: Camas, WA

The transaction was facilitated by brokers Clayton Brown, Dylan Wolf, and Ruthanne Loar from Marcus & Millichap, representing the local investors who acquired the property.

Players

Clayton Brown
3 deals$44.9M volume(206) 826-5787
BROKER

Ruthanne Loar
Marcus & Millichap
3 deals$44.9M volume(206) 493-2622
BROKER

Dylan Wolf
Marcus & Millichap
1 deal$9.6M volume(206) 826-5728
BROKER

Details

SOLD
IMAGE: 08/05/2024 ADDRESS: 2005 Southeast 192nd Avenue & 2011 Southeast 192nd Avenue MARKET: Camas, WA ASSET TYPE: Retail BROKERS: Clayton Brown, Dylan Wolf & Ruthanne Loar - Marcus & Millichap SALE PRICE: $9,600,000 SF: 34,923 ~ PPSF: $275 NOTE: Marcus & Millichap facilitated the $9.6 million sale of 192nd Plaza, a 34,923 sq. ft. retail property in Camas, to local investors.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$511,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,106.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,508.90
Annual Debt Service$546,106.77