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Riverwood Plaza 21505 SE Renton Maple Valley Rd 8,320 SF 87% Leased Retail Building Maple Valley, WA 98038 $2,100,000 ($252.40/SF) 5.21% Cap Rate
Investment Highlights
- 8,320 sf multi tenant retail/office building in Maple Valley situated on 1.26 acres with plenty of parking.
- High Traffic on State Route 169 - SE Renton Maple Valley Road and Highway 18.
- Proforma 6.5% cap rate.
- Investor or owner user opportunity
- Value Add opportunity with up to 2,400 sf of tenant space available.
Executive Summary
Great Value Add Opportunity in Maple Valley. Multi tenant retail, office and industrial shop (with 3 roll up doors) for sale. Building is 8,320 total sf on 1.26 acres with plenty of parking. Currently occupied with 4 tenants. Opportunity for an investor or an owner/user with up to 2,400 sf space available. Proforma 6.5% (+) cap rate.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,320 SF
Building Class
C
Year Built/Renovated
1971/1990
Price
$2,100,000
Price Per SF
$252.40
Cap Rate
5.21%
NOI
$109,335
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.27 AC
Zoning
NB - Neighborhood Business
Parking
19 Spaces (2.28 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Air Conditioning
Property Taxes
| Parcel Number | 275220-0007 | Improvements Assessment | $572,500 |
| Land Assessment | $565,700 | Total Assessment | $1,138,200 |
Property Taxes
Parcel Number
275220-0007
Land Assessment
$565,700
Improvements Assessment
$572,500
Total Assessment
$1,138,200
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Riverwood Plaza | 21505 SE Renton Maple Valley Rd
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