Featured Transaction – Purchase of 20004 Building, Woodinville
Posted on July 27, 2016
The sale of the 20004 Building located at 20004 144th Avenue NE, Woodinville, WA closed on July 26th, 2016 for a sale price of $3,000,000.
This property is a great new home for Northwest Partitions, an owner/user, who is purchasing the property as a part of a 1031 Exchange after selling their building in the Southend (also sold by NAI Puget Sound Properties). The significant extra land for a yard and eventual redevelopment represents a strong value-add opportunity while the existing buildings will be a great new home for their business. With the help of Chad Waldbaum of NAI Puget Sound Properties, the buyer beat out multiple other offers to purchase the property and even adjusted the price later for deferred maintenance issues.