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8800 Northeast Vancouver Ma...

Allen Properties Acquires Retail Property In Vancouver, WA For $27.6M
SOLDRetail

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

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

Zach Francis

Kidder Mathews

Broker

$80.4M

vol

4 deals

Broker
AP
Allen PropertiesBuyer

Vancouver Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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