Bixby Land Gets 5.6 Percent Cap rate on First Deal in Seattle

By Jon Peterson Newport Beach, Calif.-based Bixby Land Company has produced a 5.6 percent cap rate on the company’s first ever industrial transaction in the Seattle market. “This return is based on the two building’s current net operating income,” says Mike Severson, senior vice president of investments for Bixby Land. The two investments represent the […]