Tri-Western Syndicated Investments Acquires Retail Property In Lynnwood, WA For $32.7M
SOLD
$32,700,000
Washington
See Similar DealsRetail105,357 SF
Sold 06/29/2022
SOLD
Tri-Western Syndicated Investments Acquires Retail Property In Lynnwood, WA For $32.7M
3105 Alderwood Mall Boulevard, Lynnwood, Washington 98036, United States
See Similar DealsRetail105,357 SF
Sold 06/29/2022
Summary
WASHINGTON
Asset Type:Retail
Price Per Square Foot:$310
Total Square Footage:105,357 SF
Transaction Type:Sale
The retail property located at 3105-3225 Alderwood Mall Blvd in Lynnwood, WA has been sold in a transaction. The property spans a total area of 105,357 square feet and was sold for a price of $32,700,000, resulting in a price per square foot of $310. The sale was completed on 06/29/2022.
Summary of transaction details
- Property Type: Retail
- Sale Price: $32,700,000
- Square Footage: 105,357
- Price per Square Foot: $310
- Address: 3105-3225 Alderwood Mall Blvd, Lynnwood, WA
- Market: Lynnwood, WA
The buyer in this transaction was Tri-Western Syndicated Investments, while the seller was Alderwood Shopping Center 04 E LLC. The deal was facilitated by Dino Christophilis and Daniel Tibeau from CBRE.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,744,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$116,176.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$155,014.68
Annual Debt Service$1,860,176.19
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