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2 Auburn Way N
Auburn, WA 98002
Retail Property For Sale
EXECUTIVE SUMMARY
10,900 SF Commercial Building
3 Retail Units + 9 Office Units
Small, Easy-to-Lease Units – Below Market Rents
7.00% Current Cap Rate, 8.80% Pro Forma Cap Rate
Prime Location on Corner of Auburn Way & Main Street
Recent Capital Improvements – 4 New Heat Pumps + Façade Upgrades
Price: $1,770,000 ($162/sf)
3 Retail Units + 9 Office Units
Small, Easy-to-Lease Units – Below Market Rents
7.00% Current Cap Rate, 8.80% Pro Forma Cap Rate
Prime Location on Corner of Auburn Way & Main Street
Recent Capital Improvements – 4 New Heat Pumps + Façade Upgrades
Price: $1,770,000 ($162/sf)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,900 SF
Building Class
C
Year Built
1956
Price
$1,770,000
Price Per SF
$162.39
Cap Rate
7%
NOI
$123,900
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.92
Lot Size
0.13 AC
Zoning
C2
Frontage
122’ on Auburn Way
PROPERTY TAXES
| Parcel Number | 556820-0195 | Improvements Assessment | $1,428,300 |
| Land Assessment | $166,100 | Total Assessment | $1,594,400 |
PROPERTY TAXES
Parcel Number
556820-0195
Land Assessment
$166,100
Improvements Assessment
$1,428,300
Total Assessment
$1,594,400
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