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305 Southeast Everett Mall ...

CBRE & National Retail Partners Arrange $24M Sale Of Retail Property In Everett, WA
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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

Dino Christophilis

CBRE

Broker

$241.7M

vol

8 deals

Broker

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