Updated Dec 4, 2024
Matthews Real Estate Investment Services Closes $5.9M Retail Sale In Everett, WA
7500 Hardeson Road
$5,900,000
Building Size
—
Asset Type
Retail
Closing
Feb 22, 2024
About this deal
AI
The $5.9 million sale of a single-tenant retail property in Everett, WA, located at 7500 Hardeson Road, was successfully facilitated by Matthews Real Estate Investment Services. This asset is situated approximately 25 miles north of Seattle.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,900,000
- Brokers: Brandon Sontz, Chad Kurz & Nick Hahn - Matthews Real Estate Investment Services
- Market: Everett, WA
Brandon Sontz, Chad Kurz, and Nick Hahn from Matthews Real Estate Investment Services played crucial roles in finalizing this significant property transaction, demonstrating their expertise in the retail real estate market of Everett.
On the Map
$5,900,000
Retail
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Players
Everett 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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93