SOLD: Heritage Plaza Mixed Use Investment Sale $6,095,000

SOLD

Heritage Plaza Investment

Mixed Use Investment Sale

$6,095,000

15640 NE Fourth Plain Blvd. Vancouver, WA 98682

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Project Overview:

The buyer wanted to trade a portfolio of residential properties, along with funds from a recent exchange property. With the clock ticking on the investors exchange timeline and the complicated transaction structure, Commercial Northwest scoured the market for potential opportunities. Heritage Plaza was sourced by the team and presented to the buyer. With the green light from the clients, a offer structure was put together and presented to the seller. After a few rounds of negotiations, an offer was  accepted. With the exchange timeline winding down, Commercial Northwest managed to put together the deal in a record 5 days from contract to close despite there being substantial cloud on the title. 

 

TOTAL CONSIDERATION

• $6,095,000 Total Sales Price

• $3,300,000 In Cash to Seller

• $2,800,000 in Residential Trade Properties to Seller

• AITD on Properties with Additional Cash to Allow Debt Payoff of Heritage Plaza within Sales Timeline

• NOI of $484,967

 

NEGOTIATED BY COMMERCIAL NORTHWEST

• Services Provided

• Nationwide Investment Search

• Investment Analysis

• Purchase Negotiation

 • 15640 NE Fourth Plain Blvd. Vancouver, WA 98682  • 25,100 SF Mixed Use on 2 Acres.  • 5 Days Contract to Close  • $6,095,000 Sales Price

• 15640 NE Fourth Plain Blvd. Vancouver, WA 98682

• 25,100 SF Mixed Use on 2 Acres.

• 5 Days Contract to Close

• $6,095,000 Sales Price

 

For more info, referrals or if you're looking for a commercial property, contact us at Commercial Northwest.