|
|
5/15/15
|
In a recent industrial property buy out of Washington, Industrial Property Trust Inc purchased a three-building light manufacturing, flex and distribution portfolio totaling 138.3k sf in the Seattle/Puget Sound region for $11.2 mil ($81/sf). The assets were sold by a partnership between ScanlanKemperBard Companies and funds managed by Oaktree Capital Management, L.P.
Located in the northern part of Kent, the portfolio consists of buildings I, III and V in the West Valley Distribution Center, located at 72nd Avenue South and West Valley Highway. West Valley I and V are 100 percent leased to a diverse group of tenants spanning the manufacturing, distribution and construction industries. West Valley III is a flex facility that is currently vacant but has the potential be divided into five tenant spaces and have rail access.
The HFF investment sales team representing the seller was led by managing director Nicholas Kucha and senior real estate analyst James Childress with co-broker Wilma Warshak of Washington Real Estate Advisors.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
