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Rick Stone Of Sagard Real Estate Acquires Retail Property In Lake Stevens For $29.25M
SOLD
$29,250,000
Washington
See Similar DealsRetail74,130 SF
Sold 12/23/2025
SOLD
Rick Stone Of Sagard Real Estate Acquires Retail Property In Lake Stevens For $29.25M
8915 Market Place
See Similar DealsRetail74,130 SF
Sold 12/23/2025
Summary
WASHINGTON
Asset Type:Retail
Price Per Square Foot:$394
Total Square Footage:74,130 SF
Transaction Type:Sale
The retail property involved in this transaction is located at 8915 Market Place in Lake Stevens, WA. The asset encompasses a total area of 74,130 square feet and was sold for a transaction amount of $29,250,000, translating to a price per square foot of approximately $395.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $29,250,000
- Address: 8915 Market Place
- Market: Lake Stevens, WA
- Square Footage: 74,130
- Price Per Square Foot: $395
- Buyer: Rick Stone - Sagard Real Estate
- Seller: Revantage
This transaction involved Rick Stone representing Sagard Real Estate as the buyer, acquiring the property from Revantage, which is an affiliate of Blackstone.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,560,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$103,919.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$138,659.92
Annual Debt Service$1,663,919.07
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