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
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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93