Home Finance Kent Industrial Market Booms with $10MM Sale of 4.4-Acre Property

Kent Industrial Market Booms with $10MM Sale of 4.4-Acre Property

Kidder Mathews, CCIM, Lift Partners, Kent
Courtesy of Kidder Mathews

Seattle, Wash. (December 29, 2021) – Lift Partners purchased a 4.4-acre industrial property in Kent, Washington for just over $10 million. The deal closed today and was brokered exclusively by Kidder Mathews’ Senior Vice Presidents Matt Murray and Matt McLennan, CCIM. Lift purchased the property from a local family. The land includes a 20,000-square-foot building located in the heart of Kent’s industrial market, at 20241 84thAvenue South.

“This is a special deal because this property gives the buyer flexibility to decide their investment strategy,” said Murray. “The property is a good income-producing property as-is with the potential to develop a new Class A industrial building, should the buyer choose to do so.”

About Kidder Mathews
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with 900 real estate professionals and staff in 21 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, project and construction management, and debt & equity finance services for all property types. The firm performs $8 billion in transactions, manages 64 million square feet of space, and conducts over 1,800 appraisals annually.

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