CBRE & National Retail Partners Arrange $24M Sale Of Retail Property In Everett, WA
305 Southeast Everett Mall Way, Everett, Washington 98208, United States
$24,000,000
$289,156/SF
Building Size
83 SF
Asset Type
Retail
Closing
Dec 29, 2022
AI
The retail property located at 305-505 SE Everett Mall Way in Everett, WA has been sold. The transaction, facilitated by CBRE and National Retail Partners, was completed on December 29, 2022. The property spans approximately 83,000 square feet and was sold for a total price of $24,000,000, resulting in a price per square foot of $289.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $24,000,000
- Address: 305-505 SE Everett Mall Way
- Market: Everett, WA
- BROKERS: Dino Christophilis & Daniel Tibeau - CBRE & National Retail Partners
- Square Footage: 83,000
- Price per Square Foot: $289
The successful sale of this retail property was made possible through the collaboration of Dino Christophilis from CBRE and Daniel Tibeau from National Retail Partners. Their expertise and representation played a crucial role in achieving the transaction.
Players
Everett 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93