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Lynnwood, Washington 98036,...

National Retail Partners Sells Retail Property In Lynnwood, WA For $33M
SOLDRetail

National Retail Partners Sells Retail Property In Lynnwood, WA For $33M

Lynnwood, Washington 98036, United States

$33,000,000

$314/SF

Building Size

105,000 SF

Asset Type

Retail

Closing

Jun 28, 2022

AI

A retail property located at 3105 Alderwood Mall Blvd in Lynnwood, WA has been sold for a total price of $33,000,000. The property spans 105,000 square feet, resulting in a price per square foot of $314. The sale was facilitated by the seller's representatives, Dino Christophilis and Daniel Tibeau of National Retail Partners. The mortgage broker for this transaction was CBRE.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $33,000,000
  • Address: 3105 Alderwood Mall Blvd, Lynnwood, WA
  • Market: Lynnwood, WA
  • Square Footage: 105,000
  • Price per Square Foot: $314
  • Seller's Representative: Dino Christophilis & Daniel Tibeau - National Retail Partners
  • Mortgage Broker: CBRE

Dino Christophilis and Daniel Tibeau of National Retail Partners played a crucial role as the seller's representatives in this transaction. Their expertise and negotiation skills contributed to the successful sale of the retail property. CBRE, the mortgage broker, facilitated the financing aspect of the deal, ensuring a smooth and efficient process.

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

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93