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2005 Southeast 192nd Avenue

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

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

2005 Southeast 192nd Avenue & 2011 Southeast 192nd Avenue

$9,600,000

$137/SF

Building Size

69,846 SF

Asset Type

Retail

Closing

Aug 5, 2024

AI

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

Marcus & Millichap

Broker

$44.9M

vol

3 deals

Broker

Camas 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

1.65%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93