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Property: Washington Scientific Industries, Inc.
Buyer: DRB#8, LLC
Seller: WSI
Source: Buyer, Seller
Sale Date: May 11, 2001
Sale Price: $2,400,000
Unit Price: $13.63 per square foot
Net Rentable Area: 176,127 square feet
Gross Building Area: 176,127 square feet
Zoning: I, Industrial
Utilities: All available
Topography and Soil: Level, see remarks
Visibility and Access: Good
Age: 1952, 1957, 1966, 1967, 1969 and 1988
Land Size: 1,077,674 square feet or 24.74 acres
Remarks: Property was purchased for occupancy by Surmodics, a medical products manufacturer. Purchase price was affected by the existence of groundwater and soil contamination; the buyer assumed responsibility for all clean-up costs. Subsequent to the sale, the environmental problems were found to be less severe than originally assumed.
