facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Washington

/

Retail

/

Sale

/

310 Washington Avenue North

Marcus & Millichap Brokers $6.35M Sale Of Retail Center In Kent Washington
SOLDRetail

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

RJ Vara

Marcus & Millichap

Broker

$75.1M

vol

13 deals

Broker

Kent Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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