Updated Oct 28, 2024
Allen Properties Acquires Retail Property In Vancouver, WA For $27.6M
8800 Northeast Vancouver Mall Drive, Vancouver, Washington 98662, United States
$27,600,000
$228/SF
Building Size
121,000 SF
Asset Type
Retail
Closing
Sep 7, 2022
About this deal
AI
Located at 8800 Northeast Vancouver Mall Drive in Vancouver, WA, this retail property has been sold in a recent transaction. The property spans 121,000 square feet and was purchased for a price of $27,600,000, resulting in a per square foot value of $228. The sale took place on 09/08/2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $27,600,000
- Address: 8800 Northeast Vancouver Mall Drive, Vancouver, WA
- Market: Vancouver, WA
- Buyer: Allen Properties
- Seller: Rhino Holdings Vancouver, LLC
- Broker: Zach Francis - Kidder Mathews
- SF: 121,000
- PPSF: $228
Zach Francis of Kidder Mathews represented Allen Properties in this transaction.
Players
Vancouver 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93