Tri-Western Syndicated Investments Acquires Retail Property In Lynnwood, WA For $32.7M
3105 Alderwood Mall Boulevard, Lynnwood, Washington 98036, United States
$32,700,000
$310/SF
Building Size
105,357 SF
Asset Type
Retail
Closing
Jun 28, 2022
AI
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.
Players
Lynnwood 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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93