Auburn, WA

Utility Trailer Sales of Washington

Posted In — Success Stories |
8.06 gross AC
Acquisition site
9.03 gross AC
Disposition site
Cap rate
Sale price

Kidder Mathews assisted Utility Trailer Sales of Washington in acquiring a new property to grow its business while conducting a sale/leaseback of its existing facility at record land pricing.


Kidder Mathews was tasked with finding a new property for Utility Trailer Sales of Washington to develop and grow into. As part of the process, the client needed to gain contractual control of a new property in a prime Kent Valley industrial submarket, work through entitlements, then prior to close, successfully sell its existing location to fund the purchase of the new property.

Transaction Details

Disposition site

904 W Main St, Auburn, WA
Gross site acreage = 9.03 AC
Usable site area = ±7.1 AC

Building = 24,000 SF total
– 19,700 SF warehouse (24’ clear)
– 4,300 SF office
– 6 drive-through oversized grade doors
– Wash rack

Sale details
– Asking price: $21,250,000
– Sale price: $22,015,000 (3.65% cap rate)

Acquisition site

4707 20th St E, Fife, WA
Gross site acreage = 8.06 AC
825’ of Interstate 5 frontage


A longtime operator in the region, Utility Trailer has had the pleasure of seeing its business grow over the years. Consequently, the company was faced with what has become a common trend in the market — growth beyond the confines of an existing facility. Changes in the business and industry demanded a larger site with more functionality to support further expansion.

utility trailer sales of wa


Kidder Mathews was able to successfully identify a viable replacement property for the Auburn facility. Once under contract, the Kidder Mathews team worked with closely with the client to prepare the new property as a suitable replacement. They ran a sale process on the existing Auburn facility, yielding multiple offers, and eventually a buyer was selected. The transaction was closed before year-end at record pricing for the submarket — $71.18 per square foot and a record low cap rate of 3.65%.

Services Provided

  • Valuation
  • Site search
  • Zoning review
  • Marketing
  • Contract Review
  • Negotiation
  • Title/escrow facilitation
  • Tenant Management
  • Due diligence coordination

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