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19893 1st Ave S
Normandy Park, WA 98148
Normandy Park Towne Center | Building #2 · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% LEASED
- SOLID DEMOGRAPHICS
- EXCELLENT ACCESS
- CONTRACTED RENTAL INCREASES
- SUPERIOR CONSTRUCTION/CURB APPEAL
EXECUTIVE SUMMARY
100% LEASED | Tenants Include: Papa John’s, Olympic View Animal Hospital, Tobacco Studio & Vape, BK Nails & Spa, Desert Sun Tanning, T-Mobile
CONTRACTED RENTAL INCREASES
SOLID DEMOGRAPHICS
EXCELLENT ACCESS
SUPERIOR CONSTRUCTION/CURB APPEAL
CONTRACTED RENTAL INCREASES
SOLID DEMOGRAPHICS
EXCELLENT ACCESS
SUPERIOR CONSTRUCTION/CURB APPEAL
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,886 SF
Building Class
B
Year Built
2007
Price
$4,808,578
Price Per SF
$441.72
Cap Rate
6%
NOI
$288,515
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
5.61 AC
Zoning
NS
Parking
32 Spaces (2.94 Spaces per 1,000 SF Leased)
Frontage
197’ on 1st Pl
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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