Kent, WA Office Property For Sale

Office Size: 1,800 SF

Land Size: 19,987 SF (0.46 AC)

Sale Price: $950,000

Lease Rate: $4,500/Mo

NNN Rate: $0.27/SF/Mo

• Newly refreshed office on oversized lot

• Fully paved & fenced

• Central Kent location near Willis Street

• Potential redevelopment opportunity

• Downtown Commercial Enterprise Zoning (DCE)

• Office, retail, outdoor storage (accessory) uses allowed

Located on SE Kent Kangley, with fantastic frontage. Plenty of parking for multi-tenant potential. First floor leased to Babich Chiropractic/Owner. Upon sale, Owner would vacate. Currently 2nd floor leased on month-to-month. This building is a great Owner/user property.

Building has sepearate entrances for multi tenants, 2 restrooms on each floor, and second floor.

Tax Parcel: 2022059005

Gross Land Area: 1.54 Acres

Total Rentable: 22,387 SF

Construction: Masonry Construction

Year Built: 1985 refurbished 2000

Zoning: Community Commercial/Mixed Use

Parking: 3.28/1,000 SF

Type: Retail

Sale Price: $6,648,000

NOI: $415,503

Cap Rate: 6.25%

Tenant(s): 8 (3 Buildings)

20+ parking spaces,(covered parking)

Owe 400k on building

Open to owner financing

List of upgrades:

Remodeled in 2020

Full kitchen(stove, oven, sink, fridge) -coffee bar

Large Conference Room, meeting rooms

1 gig Fiber internet -high speed wifi

Low voltage cabling throughout for fast internet, cameras and security controls

Fenced and Gated

Wifi/app-based)

Server room

Storage Room

Tesla/electric car charger

TVs, desks, chairs(can be included)

Low voltage and power installed for TVs and Dashboards

New flooring

New bathrooms

2 electric meters – space can be easily divided into two units

2 HVAC units -ac and heat - space can be easily divided into two units

Wheelchair accessible

Fully landscaped

*$1,975,000 ($212.37/RSF)

*Great investment or owner/user building for companies looking for 1,800 to 7,000 SF

*9,300 Rentable Square Foot (RSF) Building

*Site is one parcel totaling 0.50 Acre (21,600 SF). King *County tax parcel number 982570-0960.

*Zoning: Downtown Commercial Enterprise District (DCE)

*Built in 1992 and 1995

*Heating/Cooling: Heat Pump System (Roof Mounted)

*Wood Frame Construction

*Monument Signage for Tenants

*Ample Parking with a parking ratio of 4.1 stalls per 1,000 RSF

One vacant suite ideal for an owner user (3,010 rentable sf) last tenant was an Oral Surgeon. Elevator served with general office and medical tenants in place. Ample parking, bus stop out front. Ideal location with highly visible signage and great ingress/egress with two entrances/exits. Owner financing available.

The KCP Building provides a company the

ability to create their own identity in the 81,464

standalone two story office building. Exterior

building signage, highway exposure and great

curb appeal will leave your employees and clients

happy.

Given the industrial zoning (I1 - Industrial

1), the property provides the potential for

redevelopment as a 50-yard line industrial

development on the 5.54 acre site located in

the heart of the Kent Valley.