TBC Corporation Sells Retail Property In Seattle For $1.8M
4457 Fauntleroy Way, Seattle, Washington 98126, United States
$1,800,000
$443/SF
Building Size
4,055 SF
Asset Type
Retail
Closing
Apr 25, 2023
AI
The retail property located at 4457 Fauntleroy Street in Seattle, WA has been sold for $1,800,000. The property spans 4,055 square feet, resulting in a price per square foot of $444. The seller of the property was TBC Corporation. The transaction was facilitated by brokers Jeremy S. Larkin and Rick Graf from NAI.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,800,000
- Address: 4457 Fauntleroy Street, Seattle, WA
- Market: Seattle, WA
- Seller: TBC Corporation
- Brokers: Jeremy S. Larkin & Rick Graf - NAI
- Square Footage: 4,055
- Price Per Square Foot: $444
The sale of this retail property was successfully completed with the assistance of Jeremy S. Larkin and Rick Graf from NAI. They provided their expertise and represented the interests of the parties involved throughout the transaction process.
Players
Seattle 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93