Burien Retail Center

Retail

14605 - 14615 1st Ave S, SeattleWA 98168

Property Details

Location

Address
14605 - 14615 1st Ave S, SeattleWA 98168
County
King
Submarket
CBA Burien/Normandy Park
Parcels
1923049261
In Opportunity Zone
Yes

Building Size

Building Size
9,397 SF
Retail Space
9,397 SF
Rentable Space
9,397 SF

Building Details

Type
 Retail
Number of Buildings
1
Number of Units
5
Occupancy Type
Number of Tenants
5
Percent Occupied
Building Class
Building Status
Existing
Floors
2
Year Built
1962
Sprinklers
No
Parking Ratio
Air Conditioned
Yes
Security System
No

Land & Utilities

Land (Acres)
1.02 Acres
Land (SF)
44,431 SF
Rail Service
No
Zoning
SPA3
Lot Depth
Lot Width

Contacts

Public Remarks

Retail center fronting high traffic, prominent corner. Close to SeaTac Airport, SR-518, I-5 and I-405.

Current Listings

Property for Sale

$2,300,000
Cap Rate: 7.26%

*PRICE HAS BEEN DISCOUNTED DUE TO A HOT SPOT OF FUEL CONTAMINATION ON PROPERTY. CONTACT BROKER FOR DETAILS*

*7-Eleven/Shell recently extended their NNN lease for 10 years. The lease provides 3% annual rental increases throughout the base term.

*7.26% current cap rate Tax iD #: 1923049261; 1923049330

*PRICE HAS BEEN DISCOUNTED DUE TO A HOT SPOT OF FUEL CONTAMINATION ON PROPERTY. CONTACT BROKER FOR DETAILS*

*7-Eleven/Shell recently extended their NNN lease for 10 years. The lease provides 3% annual rental increases throughout the base term.

*7.26% current cap rate Tax iD #: 1923049261; 1923049330

View Details
View Details

Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CBA

Source: Commercial Brokers Association (CBA)

More Information

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