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EverWest Acquires Two Kent Industrial Properties
Denver-based EverWest Real Estate Investors acquired two buildings in Kent, WA for an aggregate $12.8 million from Gregory Real Estate Four, LLC and Industrial Property Group, LLC, respectively. The assets are located at 25329 74th Ave. S, and 5858 S 194th St. in Washington State’s Kent Valley.
Measuring 24,175 square feet on 1.34 acres, 25329 74th Ave. S sold for $4.6 million. The building was fully leased to one tenant and provides exposure to Route 167. Twenty-four-foot clear height ceilings, four dock-high and three grade-level doors, and 800 amps of 480-volt power are among the property’s features.
5858 S 194th St., also known as the Automatic Products Building (pictured), sold for $8.2 million. Completed in 2008, the 46,742-square-foot, two-story building was leased to a single tenant. It offers easy access to Route 167 and Interstate 5, 24-foot clear height ceilings, three dock-high doors and six grade-level doors.
Colliers International’s Matt McGregor, Bill Condon and Jack Murphy arranged the sale.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
