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Matthews Real Estate Investment Services Closes $5.9M Retail Sale In Everett, WA
SOLD
$5,900,000
Washington
See Similar DealsRetail
Sold 02/22/2024
SOLD
Matthews Real Estate Investment Services Closes $5.9M Retail Sale In Everett, WA
7500 Hardeson Road
See Similar DealsRetail
Sold 02/22/2024
Summary
WASHINGTON
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$314,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12
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