KENT – A warehouse property at 24602 Pacific Hwy. S. in Kent has sold for $6.4 million, according to King County records.
The seller was Contour Development LLC, which acquired the property in 2005 for almost $3.2 million.
The buyer was CGA II LLC, which is associated with a Seattle accountant’s office.
Laura Fox and Doug Klein of Kidder Mathews represented the seller. The property had been on the market for about 10 months. KM listed it at $6.7 million. Public records indicate a loan from Heritage Bank to the buyer.
Developed on almost 3.5 acres in 1968, the single-story warehouse and showroom building has about 60,000 square feet, according to KM. It is just east of Highway 509, and west of Interstate 5.
For the full story, go to Seattle Daily Journal of Commerce.
©Copyright 2018 Seattle Daily Journal of Commerce