The MTorres America building in Everett, Washington sold to Formost Fuji, a Woodinville-based manufacturer in the packaging industry, for $20,050,000. Kidder Mathews Executive Vice President Zach Vall-Spinosa and First Vice President James Leptich represented Formost Fuji in the sale.
The building, which was occupied and owned by aerospace manufacturing company MTorres America, is located at 905 80th Street SW. The 14.88-acre property comprises 65,344 square feet of building space with capacity for warehouse expansion of up to 32,000 square feet. Industrial owner/user opportunities do not hit the market often, especially something relatively new, in excellent condition, and with lots of potential for future expansion.
“It was a pleasure working with the team at Formost Fuji on this acquisition,” said Vall-Spinosa. “We’re happy to have helped them identify and acquire a property they can call home immediately that also gives them room to expand when the need arises.”
About Kidder Mathews
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with over 900 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $10.9 billion in transactions, manages 52 million square feet of space, and conducts over 2,600 appraisals annually. For more information, visit kidder.com.