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1601 W Meeker St
Kent, WA 98032
1601 Building · Retail Property For Sale
Investment Highlights
- FULLY-LEASED NNN retail property
- LOCATED near two new mixed-use projects with 857 total units
- 5.4% CAP rate (actual)
- SITUATED in a high-growth area, off of SR-167 and SR-516
- BELOW-MARKET average rents
- 7.1% market rate based on second floor rented at market rate of $15/SF annually
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,420 SF
Building Class
B
Year Built
1996
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.38
Lot Size
0.57 AC
Zoning
GC, Kent
Parking
24 Spaces (2.55 Spaces per 1,000 SF Leased)
Frontage
92’ on Meeker St
Amenities
- Signage
Property Taxes
| Parcel Number | 232204-9089 | Improvements Assessment | $1,543,100 |
| Land Assessment | $642,200 | Total Assessment | $2,185,300 |
Property Taxes
Parcel Number
232204-9089
Land Assessment
$642,200
Improvements Assessment
$1,543,100
Total Assessment
$2,185,300
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