Davis Property & Investment (DPI) has recently sold Sumner North 140 for $10,501,803 or $173.94 per square foot. The property was originally developed in 2017 as a joint venture between DPI and Highmark Investments and serves as a build-to-suit facility for Penny’s Salsa. This state-of-the-art building spans over 60,375 square feet and includes specialized features such as freezer space, cooler space, and food processing capabilities.
In addition to its impressive amenities, the building also boasts 3,500 square feet of office space with a clear height of 30 feet. It is equipped with powerful utilities including1600 amps of three-phase480-volt power to support operations efficiently. With convenient access provided by20 dock-high doorsand two on-grade doors,the property also offers ample truck court measuring at120 feet.
“We are delighted to have successfully sold this asset to the new owner/user,” stated Jeff Davis Principal at DPI.”This transaction allows us to reinvest capital into our existing portfolio while pursuing new development opportunities that align with our strategic growth plans in the Puget Sound market.”
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