CBRE & National Retail Partners Arrange $24M Sale Of Retail Property In Everett, WA
SOLD
$24,000,000
Washington
See Similar DealsRetail83 SF
Sold 12/29/2022
SOLD
CBRE & National Retail Partners Arrange $24M Sale Of Retail Property In Everett, WA
305 Southeast Everett Mall Way, Everett, Washington 98208, United States
See Similar DealsRetail83 SF
Sold 12/29/2022
Summary
WASHINGTON
Asset Type:Retail
Price Per Square Foot:$289,156
Total Square Footage:83 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
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