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3105 Alderwood Mall Bouleva...

Tri-Western Syndicated Investments Acquires Retail Property In Lynnwood, WA For $32.7M
SOLDRetail

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

Dino Christophilis

CBRE

Broker

$241.7M

vol

8 deals

Broker

Lynnwood 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

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93