Marcus & Millichap Brokers $6.35M Sale Of Retail Center In Kent Washington
310 Washington Avenue North
$6,350,000
$268/SF
Building Size
23,679 SF
Asset Type
Retail
Closing
May 13, 2025
AI
A sale transaction occurred for a retail center located at 310 Washington Avenue North in Kent, WA. The asset spans 23,679 square feet and was sold for $6,350,000, resulting in a price per square foot of $268.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,350,000
- Address: 310 Washington Avenue North
- Market: Kent, WA
- Square Footage: 23,679
- Price per Square Foot: $268
The transaction was brokered by RJ Vara and Ray Allen of Marcus & Millichap, who facilitated the sale of the fully occupied retail center known as Washington Square.
Players
Kent 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
2.50%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93