투자용 건물. 현재 그로서리에 임대. 리스공간: 41,952스퀘어피트.
1983년에 지은 건물. Cap Rate: 6.22%
주소: 26100 Pacific Hwy S, Kent, WA 98032
-Listing Broker: Dino Christophilis (206) 292-6152
MAJOR CAPITAL IMPROVEMENTS
The property has recently received several capital upgrades totaling $1.3 million. In 2016, the property received a new thermoplastic polyolefin (TPO) roof membrane covering, newly installed HVAC units, new façade and storefronts, as well as parking area improvements. An additional $500,000 will be spent to build out the Dollar Tree space prior to occupancy, as well as improve the parking area directly adjacent to the space. Capital costs for both tenants are expected to be minimal over the initial lease term.
EXCELLENT VISIBILITY AND INGRESS/EGRESS
The building is configured so that both spaces front along Pacific Highway South to maximize exposure. There are three right-in/right-out ingress points along Pacific Highway and an additional access point along South 260th Street. Multiple access points provide for ease of traffic flowing to and from the shopping center.
With over 200 parking spaces, the property boasts a parking ratio of 4.82:1, which is well above the market standard. Additional parking can be shared with the remainder of the shopping center per the development agreement and the CC&Rs.
STORAGE SPACE OPPORTUNITY
The 9,462 square-foot area located at the rear of the building has an individual access door and the size/configuration could potentially suit the needs of a variety of industrial users. The space could also be leased out to one of the existing tenants as additional storage area.