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2 Auburn Way N 10,900 SF 100% Leased Retail Building Auburn, WA 98002 $1,650,000 ($151.38/SF) 7.51% Cap Rate
Executive Summary
Investment or Owner-User Opportunity
Fully Leased Building - 7.5% Current Cap Rate
Month-to-Month Leases Allow for User Buyer
Small, Easy-to-Lease Units – Below Market Rents
Prime Location on Corner of Auburn Way & Main Street
Recent Capital Improvements – 4 New Heat Pumps + Façade Upgrades
Price: $1,650,000 ($151/sf)
Fully Leased Building - 7.5% Current Cap Rate
Month-to-Month Leases Allow for User Buyer
Small, Easy-to-Lease Units – Below Market Rents
Prime Location on Corner of Auburn Way & Main Street
Recent Capital Improvements – 4 New Heat Pumps + Façade Upgrades
Price: $1,650,000 ($151/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
$1,650,000
Price Per SF
$151.38
Cap Rate
7.51%
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
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Northwest Contractors
- Professional, Scientific, and Technical Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Surd I Imaging
- Information
- -
-
$9.99
-
Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Northwest Contractors | Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Surd I Imaging | Information | - | $9.99 | Lorem Ipsum | Jan 0000 |
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
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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2 Auburn Way N
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