Updated Jun 25, 2025
Pat Zilis Of Silver Star Ventures Acquires Retail Property In Seattle For $35.4M
2620 California Avenue Southwest
$35,400,000
$520/SF
Building Size
67,992 SF
Asset Type
Retail
Closing
Jun 20, 2025
About this deal
AI
The property asset involved in the transaction is a retail space located at 2620 California Avenue Southwest in the Seattle market. The sale price was $35,400,000 with a total square footage of 67,992, translating to a price per square foot of $520.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $35,400,000
- Square Footage: 67,992
- Price per Square Foot: $520
- Buyer: Pat Zilis - Silver Star Ventures
- Seller: ARA Capital
- Buyer's Representative: Daniel Tyner, Geoff Tranchina & Gleb Lvovich - JLL
- Seller's Representative: Dino Christophilis - CBRE
The deal featured key individuals including Pat Zilis representing Silver Star Ventures as the buyer and ARA Capital as the seller. The buyer was represented by Daniel Tyner, Geoff Tranchina, and Gleb Lvovich from JLL, while the seller was represented by Dino Christophilis from CBRE.
On the Map
$35,400,000
$520/SF
Retail
View full map
Players
Seattle Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Dino Christophilis to view all their deals.
Browse Seattle retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93