Seattle · Commercial sale
Atlantic IIP 7050 South 216th Street buys 7050 S 216th St in Kent for $21.41 million
A warehouse at 7050 S 216th St, Kent sold for $21,405,000 on September 9, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $21,405,000
- Sold
- September 9, 2026
- Property type
- Warehouse
- Lot size
- 218,751 sq ft
A warehouse at 7050 S 216th St in Kent sold for $21,405,000 on September 9, 2026, according to the King County Department of Assessments' sales records.
The record lists Western B Northwest WA LLC as the seller and Atlantic IIP 7050 South 216th Street LLC as the buyer.
Assessor's records show a 5.02-acre lot. The market value on record is $21,681,100.
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 $611,225 for the state real estate excise tax (graduated) and $107,025 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 $20,606,517. 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 $21,368,531 at closing. That covers the full price and closing costs.
Source: King County Department of Assessments, real property sales, document 3396256. 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.
