Seattle · Commercial sale

VTR Arbor Village buys 3 parcels in Kent for $24.08 million

A group of 3 parcels including 24121 116th Ave SE, Kent sold for $24,080,000 on September 1, 2026. See the seller and buyer net sheets for this sale.

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Automated sale report from public sales records · How we make these · Published October 26, 2026

Sold September 1, 2026 · King County, Washington

Aerial view of 24121 116th Ave SE, Kent with the parcel outlined — Aerial photo: U.S. Geological Survey. Parcel outline: King County Assessor. The photo can predate the sale.

Sale price: $24,080,000
Sold: September 1, 2026
Property type: Group of 3 parcels

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgSeptember 1, 2026

Seller's estimated net sheet

24121 116th Ave SE, Kent

Sale price	$24,080,000
Title and settlement
Owner's title insurance policy	$47,077
Escrow fee	$700
Transfer taxes and recording
State real estate excise tax (graduated)	$691,475
Local real estate excise tax (0.50%)	$120,400
REET technology fee	$5
Prorations
Property tax proration (seller owes)	$37,406.47
Other costs
Wire / courier / payoff processing	$60
Total deductions	$897,123.47
Estimated net to seller	$23,182,876.53

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NetSheet.orgSeptember 1, 2026

Buyer's estimated net sheet

24121 116th Ave SE, Kent

Purchase price (cash)	$24,080,000
Title and settlement
Escrow fee	$700
Transfer taxes and recording
Deed recording fee	$304.50
Credits
Property tax credit from seller	$37,406.47
Closing costs and prepaids	$1,004.50
Estimated cash to close	$24,043,598.03

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What these figures assume

No brokerage commission is shown: commissions on commercial deals vary and are not in the public record.
The seller figure is before any loan payoff.
The buyer side assumes a cash purchase with no financing.
REET technology fee: $5 per affidavit (confidence medium)
Annual property tax estimated at 0.90% of price ($216,720).
Title and settlement fees are typical estimates, not quotes.

Selling in Kent?

A group of 3 parcels, including 24121 116th Ave SE in Kent, sold for $24,080,000, according to the King County Department of Assessments' sales records. The records date the sale September 1, 2026.

The sales record lists Kre Tiger Arbor Village LLC as the seller and VTR Arbor Village LLC as the buyer.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in King County?

By our estimate, the seller's two largest charges, not counting prorations, were $691,475 for the state real estate excise tax (graduated) and $120,400 for the local real estate excise tax (0.50%). Who pays what follows King County custom.

How much did the seller net?

By our estimate, the seller netted about $23,182,877. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $24,043,598 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

24121 116th Ave SE, Kent, WA.

Source: King County Department of Assessments, real property sales, document 3393586. Property details: King County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.