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July 30, 2014

Kent Industrial Sold for $3M - Graphic Impressions NW Sells 33,000-SF Facility

CoStar Group

Mike LaPointe

Davis Property & Investment LLC and a family investment group acquired the industrial building at 7908 S. 228th St. in Kent, WA from Graphic Impressions NW, Inc. for $3 million, or about $91 per square foot.

The 33,000-square-foot manufacturing building was delivered in 2000 in the Kent Valley South Industrial submarket of King County. The asset was fully leased on a triple-net basis at the time of sale.

Doug Klein with Kidder Mathews represented the buyer, and was the sole broker in the sale.

Please see CoStar COMPS #3069764 for more information on this transaction.

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