facebook
Traded Co logo
Submit
Daily limit: 0/10

Marcus & Millichap Sells McLendon Place Retail Property In Belfair, WA For $1.65M

Property Image
SOLD
$1,650,000
RJ Vara
Michael Babicz
Zach Howe

Washington

See Similar Deals
Retail16,208 SF
Sold 12/04/2023
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells McLendon Place Retail Property In Belfair, WA For $1.65M

23554 Northeast State Route 3 & 23552 Northeast State Route 3

See Similar Deals
Retail16,208 SF
Sold 12/04/2023
RJ Vara
Michael Babicz
Zach Howe
the dealplayerscompscontact
Contact now

Summary

WASHINGTON
Asset Type:Retail
Price Per Square Foot:$101
Total Square Footage:16,208 SF
Transaction Type:Sale

Marcus & Millichap has announced the sale of McLendon Place, an 8,104-square foot retail property located at 23554/23552 Northeast State Route 3 in Belfair, WA. The transaction, which took place on December 4, 2023, saw the property being sold for $1,650,000, resulting in a price per square foot of $204.

Summary of transaction details:

  • Property Type: Retail
  • Sale Price: $1,650,000
  • Square Footage: 8,104
  • Price per Square Foot: $204
  • Address: 23554/23552 Northeast State Route 3, Belfair, WA
  • Market: Belfair, WA

The sale of McLendon Place was brokered by Michael Babicz, RJ Vara & Zach Howe from Marcus & Millichap. The property, with its desirable retail features and location, attracted buyers, resulting in the successful transaction. This sale demonstrates the continued growth and investment opportunities in the Belfair, WA market.

Players

Zach Howe
Marcus & Millichap
Zach Howe
2 deals$3.8M volume(206) 493-2655
BROKER
RJ Vara
Marcus & Millichap
RJ Vara
13 deals$75.1M volume(206) 826-5784
BROKER
Michael Babicz
Marcus & Millichap
Michael Babicz
3 deals$13.8M volume(206) 826-5697
BROKER

Details

SOLD
IMAGE: Michael Babicz, RJ Vara & Zach Howe DATE: 12/04/2023 ADDRESS: 23554/23552 Northeast State Route 3 MARKET: Belfair, WA ASSET TYPE: Retail BROKERS: Michael Babicz, RJ Vara & Zach Howe - Marcus & Millichap SALE PRICE: $1,650,000 SF: 8,104 ~ PPSF: $204 NOTE: Marcus & Millichap has announced the $1.65 million sale of McLendon Place, an 8,104-square foot retail property in Belfair, WA.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$88,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10