Kent, WA

Kentwood Industrial Park

Posted In — Success Stories |

Previously accepted sale price - with $1.5M escrow holdback (net $5.5M)


Kidder Mathews list price


Final purchase price


Percent above list price

Kidder Mathews assisted the longtime owners of Kentwood Industrial Park in selling the property for 85% above seller’s expected sale price, ensuring it received top value in the marketplace.


After a decades-long ownership of the Kentwood Industrial Park, it was time for a sale. Having self-managed the property for most of their ownership, the sellers had little exposure to recent trends in capital markets. After receiving unsolicited offers, they were ready to move forward at a sale price of approximately $7 million. Before making any final decisions, the owners sought a second opinion from Kidder Mathews and became aware that the offer would fall short of potential in the market. They engaged Kidder Mathews to conduct a full valuation and marketing process to ensure the property received top value.


The Kentwood Industrial Park, located at 20241 84th Ave S, has been a longtime staple property in the heart of Kent Valley. Strategically situated at the 50-yard line of the city of Kent and right off the East Valley Highway, the park offers flexible configurations for multiple tenants to operate. It includes a ±24,000-square-foot dock-loaded warehouse building, a small ground level shop building, and a fully functional gas station on site. The property has historically been leased to three tenants at a time.

kentwood industrial park kent wa


By running a formal sale process, Kidder Mathews was able to solicit six legitimate offers, all above asking price. After a short review period, a buyer was selected and the goal of closing the sale before year-end was achieved. The sale price reflected a new record for land sale in Kent Valley, at $62.50 per square foot.

Services Provided

  • Valuation
  • Marketing
  • Contract Review
  • Negotiation
  • Title/escrow facilitation
  • Tenant Management
  • Due diligence coordination

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