Renton, WA Office Property For Sale

Commercial medical/dental opportunity in thriving East Renton! Fully-equipped office features 5 treatment rooms, x-ray room, lobby/reception, office spaces & work areas, ample off-street parking, fenced back lot & ADA access. Operated as a chiropractic clinic, seller will negotiate for medical equipment & furniture. Seller financing available! 1800 sf building features ideal exposure from the street & existing signage. Nearby mixed use/commercial center with easy access to freeways, Renton/Southport, major retail, dining & within minutes to Seattle, Bellevue & Eastside business hubs.

The 500 SW 7th Building, an attractive opportunity to acquire a multi tenanted, stabilized office investment in Renton, Washington. The property contains 65,753 rentable square feet over two (2) floors.

Investment Highlights:

› Strategic location with un-congested access to the region’s major freeways: I-5, I-405 and SR-167.

› Only minutes from one of the largest Regional Malls in Western Washington: the Westfield Mall at Southcenter.

› Numerous dining and business support services within walking distance or a short drive.

› In Place Income with tremendous upside: Current NOI is based on current 79% occupancy. However, if fully leased using current market rents, Pro Forma NOI is $907,600 with a 7.7% cap rate.

› Functional and flexible design with ample natural light, the property benefits from attractive visibility, and easy access to both I-5 and I-405.

› Anticipated pricing materially below replacement cost.

› Excellent demographic and area job growth profiles.

The 500 SW 7th Building is located in what is commonly known as the “Southend Office Market”. This market is strategically located equidistant

from the three major office markets in the Puget Sound Region (Seattle, Bellevue and Tacoma) and only minutes from SeaTac International Airport.

Incredible Owner operator or investor opportunity in the surging and emerging DT Renton. Be a part of this amazing DT Renton growth. Two floors estimated 7966 square feet. Each floor can be purchased individually and demised down to estimated 3983 sq feet. Gorgeous brick building. Updated, stylish and professional office space. Advanced technology-controlled access. Extremely well-maintained and managed building. 100% occupancy, great tenant mix and with owner operator flexibility. Low expenses and solid revenue base with plenty of room to grow. Surrounded by and in walking distance to restaurants, shopping, retail, and office. Easy access to 405, 167, I-5, 900. Minutes to Sea-Tac.

Please do not visit building or contact tenants before speaking with Rob Gasca Broker. Tours will be by appointment only. Tours may be after normal business hours or on weekends. Prospective buyers and broker will be asked to sign an NDA to gain access to financial information and or be granted a tour. Thank you for your cooperation in advance.

Great Location with Maple Valley Highway exposure. Just minutes from the 405 and downtown Renton. Charming 3,195 SF office building with located on ¼ acre corner lot, with low maintenance green space and mature trees. Expansive windows bathes offices in year around natural light. The office layout is a mix of open area (bullpen) and 5+ private offices. Ample parking and excellent signage help make this a desirable property for tenants and owner/users alike. Excellent entry, waiting area, and upstairs break area.