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4457 Fauntleroy Way, Seattl...

TBC Corporation Sells Retail Property In Seattle For $1.8M
SOLDRetail

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

Jeremy S. Larkin

NAI Global

Broker

$19.4M

vol

5 deals

Broker

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