|
|
9/13/17
|
SmartCap Group has purchased Quadrant I-5 Corporate Park, Building B, a 68.6k sf office building in Everett, WA, for $12.5 mil ($182/sf). The multi-tenant property was sold by TMG Lynnwood LLC.
The two-story, Class A office building is located at 808 134th St SW, just west of I-5 in Everett. It was approximately 89% occupied at the time of sale
Todd Battison and Ken Hirata with Kidder Mathews represented the buyer in the transaction. The seller was also represented by Battison and Hirata, along with Ann Chamberlain and Mark Flippo of JLL.
“Kidder Mathews procured a new office lease tenant during the sale process that was signed prior to sale closing,” said Battison. “This new lease raised the projected cap rate within months of closing to approximately 7.65%.”
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
