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
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