7/17/2017 https://www.commercialmls.com/Report/CMAReport?propertyIds=69793|69991|69804|69323|69816|70208|69248|70004|68699|69981|70113|70185|69322|696… https://www.commercialmls.com/Report/CMAReport?propertyIds=69793|69991|69804|69323|69816|70208|69248|70004|68699|69981|70113|70185|69322|69646|69… 1/30 Prepared by Phil Newell, CCIM https://www.commercialmls.com Property Characteristics Sale & Financial Information Buyer & Seller Information Additional Information Notes: This transaction was a multi-parcel sale. Parcel #1122049040 is a 16.04 acre lot with 6 hi tech-flex buildings in the West Valley @ 216th Park. Parcel #8834800070 is a 2.23 acre lot with distribution warehouse in the Upland Corporate Park. Parcel #1222049058 is a 2.89 acre lot with a storage warehouse. Parcel #1222049078 is a 2.77 acre lot with a distribution warehouse. Parcel #1222049096 is a 4.01 acre lot with two storage warehouses in the Kent Corporate Park West. These parcels are zoned Limited Industrial District, City of Kent. CMA Detail Report Kent Valley Hi TechFlex & Distribution Warehouses 6751 - 6761 S 216th St Kent WA 98032 King County Sale Price: $ 58,250,000 $/SF: $ 121.13 Date Sold: 06/13/2017 Research Confirmed: No - 06/14/2017 Property Description: Eleven high tech-flex and distribution warehouses on 27.94 acres in Kent. Total Building SQFT: 480,876 Total Building NRA: 480,876 Year Built: 1986 Year Renovated: 2000 Number of Floors: 1 Number of Elevators: Total Office SQFT: 53,990 Total Industrial SQFT: 426,886 Total Lot SQFT: 1,216,856 Total Acres: 27.94 Number of Buildings: 11 Parcel: 1122049040 Market Area: 440 - Kent Anchors / Tenants: / Down Payment: $ N/A Payments ($/mo): $ N/A Dock High Doors: Rail Doors: Truck Doors: Min Clearance: 14 Max Clearance: 14 Property Type: Industrial Office Type: Multi-Tenant Office Class: Park Name: West Valley at 216th Zoning: M2 Total Parking: Sale Information Document Number: 20170613001494 Sale Price: $ 58,250,000 $/SF: $ 121.13 $/Land SF: $ 47.87 Exchange: Unknown Days on Market: Conditions of Sale: Prior Sale Document Number: 199709300900 Prior Sale Price: $ 35,809,000 Financial (Investment) Gross Income: $ N/A Vacancy %: 0.00 % Operating Expense: $ N/A Net Oper Income: $ 0 Cap Rate: Balance: $ N/A Excise Tax: $ 1,036,855 Lender: Financing Notes: Buyer Information Buyer: RREEF CPIF Olympia Properties, LLC RREEF Management, LLC 222 S Riverside Plaza, 26th Flr Chicago IL 60606 312-537-9283 Buyer Broker(s): Seller Information Seller: Gateway Olympia, Inc RREEF Management, LLC 22 South Riverside Plaza, 26th Flr Chicago IL 60606 312-537-9283 Listing Broker(s):
Prepared by Phil Newell, CCIM https://www.commercialmls.com
Property Characteristics
Sale & Financial Information
Buyer & Seller Information
Additional Information
Notes: This transaction was a multi-parcel sale. Parcel #1122049040 is a 16.04 acre lot with 6 hi tech-flex buildings in the West Valley @ 216th Park. Parcel#8834800070 is a 2.23 acre lot with distribution warehouse in the Upland Corporate Park. Parcel #1222049058 is a 2.89 acre lot with a storage warehouse.Parcel #1222049078 is a 2.77 acre lot with a distribution warehouse. Parcel #1222049096 is a 4.01 acre lot with two storage warehouses in the Kent CorporatePark West. These parcels are zoned Limited Industrial District, City of Kent.
CMA Detail ReportKent Valley Hi TechFlex & Distribution Warehouses6751 - 6761 S 216th St Kent WA 98032 King CountySale Price: $ 58,250,000$/SF: $ 121.13
Date Sold: 06/13/2017
Research Confirmed: No - 06/14/2017
Property Description:
Eleven high tech-flex and distribution warehouses on27.94 acres in Kent.
Total Building SQFT: 480,876
Total Building NRA: 480,876
Year Built: 1986
Year Renovated: 2000
Number of Floors: 1
Number of Elevators:
Total Office SQFT: 53,990
Total Industrial SQFT: 426,886
Total Lot SQFT: 1,216,856
Total Acres: 27.94
Number of Buildings: 11
Parcel: 1122049040
Market Area: 440 - Kent
Anchors / Tenants: /
Down Payment: $ N/A
Payments ($/mo): $ N/A
Dock High Doors:
Rail Doors:
Truck Doors:
Min Clearance: 14
Max Clearance: 14
Property Type: Industrial
Office Type: Multi-Tenant
Office Class:
Park Name: West Valley at 216th
Zoning: M2
Total Parking:
Sale Information
Document Number: 20170613001494
Sale Price: $ 58,250,000
$/SF: $ 121.13
$/Land SF: $ 47.87
Exchange: Unknown
Days on Market:
Conditions of Sale:
Prior Sale
Document Number: 199709300900
Prior Sale Price: $ 35,809,000
Financial (Investment)
Gross Income: $ N/A
Vacancy %: 0.00 %
Operating Expense: $ N/A
Net Oper Income: $ 0
Cap Rate:
Balance: $ N/A
Excise Tax: $ 1,036,855
Lender:
Financing Notes:
Buyer Information
Buyer:
RREEF CPIF Olympia Properties, LLCRREEF Management, LLC
222 S Riverside Plaza, 26th FlrChicago IL 60606
312-537-9283
Buyer Broker(s):
Seller Information
Seller:
Gateway Olympia, Inc RREEF Management, LLC
22 South Riverside Plaza, 26th Flr Chicago IL 60606
Prepared by Phil Newell, CCIM https://www.commercialmls.com
Property Characteristics
Sale & Financial Information
Buyer & Seller Information
Additional Information
Notes: This transaction was a multi-parcel sale. Parcel #0922049164 is a 9.17 acre lot with Building 3A. Parcel #0922049262 is a 14.93 acre lot with Building 3B.Parcel #0922049420 is a 1.67 acre lot. Parcel 0922049417 is a 2.56 acre lot. Parcel #0922049421 is a .83 acre lot. These parcels are zoned Business Park City ofDes Moines. Assignment and Assumption of Ground Lease Agreement. Short Plat Alteration attached, 20160426900009.
CMA Detail ReportDes Moines Creek Business Park 3A & 3B2141 - 2361 S 211th St Des Moines WA 98198 King CountySale Price: $ 43,583,452$/SF: $ 86.87
Date Sold: 06/20/2017
Research Confirmed: No - 06/23/2017
Property Description:
Des Moines Creek Business Park-Phase 3-Buildings3A & 3B on 29.16 acres; ground lease.
Prepared by Phil Newell, CCIM https://www.commercialmls.com
Property Characteristics
Sale & Financial Information
Buyer & Seller Information
Additional Information
Notes: This purchase was a portfolio transaction. This transaction was a multi-parcel sale. Parcel #7888900155 is a 3.16 acre lot with a distribution warehouse.Parcel #0004800003 is a 10.68 acre lot with 4 distribution warehouses. These parcels are zoned Commercial/Light Industrial, City of Tukwila. This sale has it'sown excise tax affidavit but shares the sale Special Warranty Deed with their other purchase made on 6/13/17; same buyer and seller.
CMA Detail ReportTukwila Warehouses12600 Interurban Ave S Tukwila WA 98168 King CountySale Price: $ 33,000,000$/SF: $ 142.67
Date Sold: 06/13/2017
Research Confirmed: No - 06/14/2017
Property Description:
Four distribution warehouses on 10.68 acres in theTukwila Commerce Center and one distributionwarehouse on 3.16 acres in the Southcenter SouthIndustrial Park.
Total Building SQFT: 231,309
Total Building NRA: 231,309
Year Built: 1979
Year Renovated: 1985
Number of Floors: 1
Number of Elevators:
Total Office SQFT: 27,026
Total Industrial SQFT: 204,283
Total Lot SQFT: 602,834
Total Acres: 13.84
Number of Buildings: 5
Parcel: 0004800003
Additional Parcel(s) 7888900155
Market Area: 460 - Tukwila
Anchors / Tenants: /
Down Payment: $ N/A
Payments ($/mo): $ N/A
Dock High Doors: 0
Rail Doors:
Truck Doors:
Min Clearance: 12
Max Clearance:
Property Type: Industrial
Office Type: Multi-Tenant
Office Class:
Park Name: Tukwila Commerce Center
Zoning: M1
Total Parking:
Sale Information
Document Number: 20170613001494
Sale Price: $ 33,000,000
$/SF: $ 142.67
$/Land SF: $ 54.74
Exchange: Unknown
Days on Market:
Conditions of Sale:
Prior Sale
Document Number: 199709300901
Prior Sale Price: $ 12,997,000
Financial (Investment)
Gross Income: $ N/A
Vacancy %: 0.00 %
Operating Expense: $ N/A
Net Oper Income: $ 0
Cap Rate:
Balance: $ N/A
Excise Tax: $ 587,405
Lender:
Financing Notes:
Buyer Information
Buyer:
RREEF CPIF Olympia Properties, LLCRREEF Management, LLC
Prepared by Phil Newell, CCIM https://www.commercialmls.com
Property Characteristics
Sale & Financial Information
Buyer & Seller Information
Additional Information
Notes: This transaction was a multi-parcel sale. Parcel #5624200270 is a 4.82 acre lot with a 117,380 sf distribution warehouse. Parcel #5624200290 is a 4.08acre lot with a 76,281 sf distribution warehouse. These parcels are zoned Industrial, King County.
CMA Detail Report9600 8th Avenue S9600 8th Ave S Seattle WA 98108 King CountySale Price: $ 25,640,000$/SF: $ 132.40
Date Sold: 05/18/2017
Research Confirmed: No - 05/23/2017
Property Description:
Two distribution warehouses built in 2015 on 8.9acres in South Park.
Total Building SQFT: 193,661
Total Building NRA: 193,661
Year Built: 0
Year Renovated:
Number of Floors: 1
Number of Elevators:
Total Industrial SQFT: 193,661
Total Lot SQFT: 387,735
Total Acres: 8.9
Number of Buildings: 2
Parcel: 5624200270
Additional Parcel(s) 5624200290
Market Area: 155 - West Seattle
Anchors / Tenants: /
Down Payment: $ N/A
Payments ($/mo): $ N/A
Dock High Doors:
Rail Doors:
Truck Doors:
Min Clearance:
Max Clearance:
Property Type: Industrial
Office Type:
Office Class:
Park Name:
Zoning: I
Total Parking:
Sale Information
Document Number: 20170518001307
Sale Price: $ 25,640,000
$/SF: $ 132.40
$/Land SF: $ 66.13
Exchange: Unknown
Days on Market:
Conditions of Sale:
Prior Sale
Document Number: 20130912001744
Prior Sale Price: $ 4,200,000
Financial
Gross Income: $ N/A
Vacancy %: 0.00 %
Operating Expense: $ N/A
Net Oper Income: $ 0
Cap Rate:
Balance: $ N/A
Excise Tax: $ 456,397
Lender:
Financing Notes:
Buyer Information
Buyer:
Food Lifeline9600 8th Ave S
Seattle WA 98108206-545-6600
Buyer Broker(s):
Seller Information
Seller:
9600 8th Avenue S. Distribution Center Inv 455 Market St #1000
Prepared by Phil Newell, CCIM https://www.commercialmls.com
Property Characteristics
Sale & Financial Information
Buyer & Seller Information
Additional Information
Notes: This purchase is part of a portfolio transaction. The buyer purchased multiple industrial buildings on 6/13/2017. This transaction was a multi-parcel sale.Parcel #9286150010 is a 4.57 acre lot with a distribution warehouse. Parcel #9286150020 is a 4.92 acre lot with a distribution warehouse. These parcels arezoned Industrial Park, City of Kent.
CMA Detail ReportWest Valley @ 212th Buildings A & B6705 S 209th St Kent WA 98032 King CountySale Price: $ 20,525,000$/SF: $ 131.24
Date Sold: 06/13/2017
Research Confirmed: No - 06/15/2017
Property Description:
Two distribution warehouses on 4.92 acres in theWest Valley @ 212th Industrial Park.
Total Building SQFT: 156,390
Total Building NRA: 156,390
Year Built: 2007
Year Renovated: 2010
Number of Floors: 1
Number of Elevators:
Total Office SQFT: 31,994
Total Industrial SQFT: 124,396
Total Lot SQFT: 413,526
Total Acres: 9.49
Number of Buildings: 2
Parcel: 9286150010
Additional Parcel(s) 9286150020
Market Area: 440 - Kent
Anchors / Tenants: /
Down Payment: $ N/A
Payments ($/mo): $ N/A
Dock High Doors:
Rail Doors:
Truck Doors:
Min Clearance:
Max Clearance:
Property Type: Industrial
Office Type:
Office Class:
Park Name: West Valley @ 212th
Zoning: M1-C
Total Parking:
Sale Information
Document Number: 20170613001291
Sale Price: $ 20,525,000
$/SF: $ 131.24
$/Land SF: $ 49.63
Exchange: Unknown
Days on Market:
Conditions of Sale:
Prior Sale
Document Number:
Prior Sale Price: $ N/A
Financial
Gross Income: $ N/A
Vacancy %: 0.00 %
Operating Expense: $ N/A
Net Oper Income: $ 0
Cap Rate:
Balance: $ N/A
Excise Tax: $ 365,350
Lender:
Financing Notes:
Buyer Information
Buyer:
RREEF CPIF West Valley 212, LLCRREEF Management, LLC
Prepared by Phil Newell, CCIM https://www.commercialmls.com
Property Characteristics
Sale & Financial Information
Buyer & Seller Information
Additional Information
Notes: This transaction was a multi-parcel sale. Parcel #7132800055 is a 1.43 acre lot with a 70,728 sf warehouse/office building. Parcel #7132800056 is a .1acre lot. These parcels are zoned Industrial Commercial, City of Seattle.
CMA Detail ReportPoplar Building900 Poplar Pl S Seattle WA 98114 King CountySale Price: $ 10,300,000$/SF: $ 145.63
Date Sold: 05/15/2017
Research Confirmed: No - 05/19/2017
Property Description:
A warehouse/office building on a 1.53 acre lot inSouth Seattle.
Prepared by Phil Newell, CCIM https://www.commercialmls.com
Property Characteristics
Sale & Financial Information
Buyer & Seller Information
Additional Information
Notes: This transaction was a multi-parcel sale. Parcel #0006600022 is a 1.36 acre lot with a warehouse. Parcel #0006600078 is a 2.67 acre lot with twowarehouses. These parcels are zoned Commercial Manufacturing 2, City of Kent.
CMA Detail ReportCentral Commerce Center Buildings AC1000 - 1036 Central Ave S Kent WA 98032 King CountySale Price: $ 8,136,588$/SF: $ 140.56
Date Sold: 06/16/2017
Research Confirmed: No - 06/23/2017
Property Description:
Three industrial buildings with office space on 4.03acres in Kent.
Prepared by Phil Newell, CCIM https://www.commercialmls.com
Property Characteristics
Sale & Financial Information
Buyer & Seller Information
Additional Information
Notes: This transaction was a multi-parcel sale. Parcel #5367201535 is a .09 acre lot. Parcel #5367201545 is a .43 acre lot with a 15,960 sf warehouse. Theseparcels are zoned General Industrial 2, City of Seattle.
CMA Detail ReportAmbiente Tile Building6321 - 6335 7th Ave S Seattle WA 98108 King CountySale Price: $ 4,198,000$/SF: $ 263.03
Date Sold: 06/30/2017
Research Confirmed: No - 07/14/2017
Property Description:
A manufacturing warehouse with showroom andoffice space on a .53 acre lot in Georgetown.
Prepared by Phil Newell, CCIM https://www.commercialmls.com
Property Characteristics
Sale & Financial Information
Buyer & Seller Information
Additional Information
Notes: The buyers purchased this complex as an investment opportunity. The 3 buildings are now for sale individually. The buildings were purchased in as-iscondition with deferred maintenance and original roof and mechanics. This parcel is zoned Industrial Park, City of Kent. Confirmed by Andrew Hitchcock.
CMA Detail ReportRivers Edge Business Park19017 - 19201 62nd Ave S Kent WA 98032 King CountySale Price: $ 4,184,969$/SF: $ 85.50
Date Sold: 05/03/2017
Research Confirmed: Yes - 05/31/2017
Property Description:
A three building industrial complex on 3.29 acre inKent.
Total Building SQFT: 48,947
Total Building NRA: 48,947
Year Built: 1986
Year Renovated:
Number of Floors: 1
Number of Elevators:
Total Office SQFT: 16,072
Total Industrial SQFT: 32,875
Total Lot SQFT: 143,252
Total Acres: 3.29
Number of Buildings: 3
Parcel: 7888800100
Market Area: 440 - Kent
Anchors / Tenants: /
Down Payment: $ 1,049,969
Payments ($/mo): $ N/A
Dock High Doors: 3
Rail Doors:
Truck Doors: 6
Min Clearance:
Max Clearance:
Property Type: Industrial
Office Type:
Office Class:
Park Name:
Zoning: M-1
Total Parking:
Sale Information
Document Number: 20170503001283
Sale Price: $ 4,184,969
$/SF: $ 85.50
$/Land SF: $ 29.21
Exchange: No
Days on Market: 253
Conditions of Sale: No Excise Tax was collected, Government Transfer.
Prior Sale
Document Number: 20121211002440
Prior Sale Price: $ 5,082,500
Financial (Investment)
Gross Income: $ N/A
Vacancy %: 0.00 %
Operating Expense: $ N/A
Net Oper Income: $ 0
Cap Rate:
Balance: $ 3,135,000
Excise Tax: $ 0
Lender: Banner Bank
Financing Notes:
Buyer Information
Buyer:
River's Edge Properties, LLCCristian Nielsen, Greg Slader, Nick Terrile
Prepared by Phil Newell, CCIM https://www.commercialmls.com
Property Characteristics
Sale & Financial Information
Buyer & Seller Information
Additional Information
Notes: The buyer will be an owner user. This building was recently condominiumized per document #20170622001109. The individual units don't have theirown parcel #'s at this time. This condominium is said to be 7,200 sf and has use of 7,640 sf of outdoor space that is fenced and secure. This parcel is zonedCommercial Manufacturing 1, City of Kent. Confirmed by Thad Mallory
CMA Detail Report21817 88th Place S Unit 221817 88th Pl S Kent WA 98031 King CountySale Price: $ 950,000$/SF: $ 131.94
Date Sold: 06/27/2017
Research Confirmed: Yes - 06/30/2017
Property Description:
Unit 2 is an industrial condominium in the 21817 88thPl S condominiums. The condo is ~7,200 sf.
Prepared by Phil Newell, CCIM https://www.commercialmls.com
Property Characteristics
Sale & Financial Information
Buyer & Seller Information
Additional Information
Notes: At the time of the sale the buyer was uncertain of plans for the building. The warehouse needs major fixes. This parcel is zoned Community BusinessSpecial Overlay, King County. Confirmed by John McCarthy.
CMA Detail ReportSW Saw & Mower & Storage10843 1st Ave S Seattle WA 98168 King CountySale Price: $ 550,000$/SF: $ 70.15
Date Sold: 04/21/2017
Research Confirmed: Yes - 05/02/2017
Property Description:
A warehouse with retail space on a .36 acre lot inWhite Center.
Total Building SQFT: 7,840
Total Building NRA: 7,840
Year Built: 1946
Year Renovated: 1975
Number of Floors: 2
Number of Elevators:
Total Industrial SQFT: 7,840
Total Lot SQFT: 15,598
Total Acres: 0.36
Number of Buildings: 1
Parcel: 0892000041
Additional Parcel(s) 0892000050
Market Area: 150 - S. Seattle
Anchors / Tenants: /
Down Payment: $ 252,160
Payments ($/mo): $ N/A
Dock High Doors:
Rail Doors:
Truck Doors:
Min Clearance: 14
Max Clearance:
Property Type: Industrial
Office Type:
Office Class:
Park Name:
Zoning: CBSO
Total Parking:
Sale Information
Document Number: 20170421000783
Sale Price: $ 550,000
$/SF: $ 70.15
$/Land SF: $ 35.26
Exchange: No
Days on Market: 205
Conditions of Sale:
Prior Sale
Document Number: 20021008001015
Prior Sale Price: $ 165,000
Financial (Owner User)
Gross Income: $ N/A
Vacancy %: 0.00 %
Operating Expense: $ N/A
Net Oper Income: $ 0
Cap Rate:
Balance: $ 297,840
Excise Tax: $ 9,795
Lender: Eastside Funding
Financing Notes:
Buyer Information
Buyer:
Brickstone Holdings, LLCM. Scott Fladseth,Julinda Juniarty,Sutiono Tjandra
