Updated Dec 23, 2025
Rick Stone Of Sagard Real Estate Acquires Retail Property In Lake Stevens For $29.25M
8915 Market Place
$29,250,000
$394/SF
Building Size
74,130 SF
Asset Type
Retail
Closing
Dec 23, 2025
About this deal
AI
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.
On the Map
$29,250,000
$394/SF
Retail
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Lake Stevens 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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93