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Boston's 16918 Twin Lakes Ave 6,356 SF Retail Building Marysville, WA 98271 $700,000 ($110.13/SF) 7.89% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy daily traffic
- Abundance of Parking
- Prime location and visibility from freeway
EXECUTIVE SUMMARY
The building is for sale ($700,000) separately and/or can be combined with the business purchase ($650,000) for a total purchase price of $1,350,000. This building is on a ground lease with 21 years remaining. 6356 sqft freestanding retail building in the Lakewood Crossing center with freeway visibility. Costco, Target, Best Buy are anchor tenants. An abundance of parking. Please do not disturb tenants or tenants employees!
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,356 SF
Building Class
B
Year Built
2008
Price
$700,000
Price Per SF
$110.13
Cap Rate
7.89%
NOI
$55,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.33 AC
Zoning
GC
Frontage
138’ on Twin Lakes Ave
AMENITIES
- Freeway Visibility
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 004828-000-008-01 | Improvements Assessment | $635,900 |
| Land Assessment | $1,469,600 | Total Assessment | $2,105,500 |
PROPERTY TAXES
Parcel Number
004828-000-008-01
Land Assessment
$1,469,600
Improvements Assessment
$635,900
Total Assessment
$2,105,500
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Boston's | 16918 Twin Lakes Ave
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