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19865 1st Ave S
Normandy Park, WA 98148
Normandy Park Towne Center - Building #3 · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Leased
- Captive neighborhood trade area
- Barriers to entry with minimal competition
- Contracted Rental Increases
- Extremely high-income trade area with average household incomes in excess of $170,000 within 1-mile of the property
- Attractive, high-quality construction
EXECUTIVE SUMMARY
100% Leased
Contracted Rental Increases
Captive neighborhood trade area
Attractive, high-quality construction
Extremely high-income trade area with average household incomes in excess of $170,000 within 1-mile of the property
Barriers to entry with minimal competition
Contracted Rental Increases
Captive neighborhood trade area
Attractive, high-quality construction
Extremely high-income trade area with average household incomes in excess of $170,000 within 1-mile of the property
Barriers to entry with minimal competition
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
4,370 SF
Building Class
B
Year Built
2007
Price
$1,838,249
Price Per SF
$420.65
Cap Rate
6%
NOI
$110,295
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
5.61 AC
Zoning
NS
Parking
44 Spaces (10.07 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 611540-0142 | Improvements Assessment | $6,948,000 |
| Land Assessment | $2,379,000 | Total Assessment | $9,327,000 |
PROPERTY TAXES
Parcel Number
611540-0142
Land Assessment
$2,379,000
Improvements Assessment
$6,948,000
Total Assessment
$9,327,000
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