Allen Properties Acquires Retail Property In Vancouver, WA For $27.6M
SOLD
$27,600,000
Washington
See Similar DealsRetail121,000 SF
Sold 09/08/2022
SOLD
Allen Properties Acquires Retail Property In Vancouver, WA For $27.6M
8800 Northeast Vancouver Mall Drive, Vancouver, Washington 98662, United States
See Similar DealsRetail121,000 SF
Sold 09/08/2022
Summary
WASHINGTON
Asset Type:Retail
Price Per Square Foot:$228
Total Square Footage:121,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,471,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$98,056.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$130,838.08
Annual Debt Service$1,570,056.97
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