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909 Sleater Kinney Rd SE
Lacey, WA 98503
The Landing at Sleater Kinney · Retail Property For Sale
Investment Highlights
- Occupancy: 65%
- The property has direct access to Interstate-5 and the Sleater-Kinney interchange
- Shadow anchored by Fred Meyer, Kohl’s, Target, Albertsons, Ross, PetSmart, Michael’s, Hobby Lobby, Safeway, and Lowe’s
- New roof
Property Facts
Property Type
Retail
Building Size
24,551 SF
Building Class
C
Year Built
1958
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
3.00 AC
Zoning
53 - General Merch
Parking
35 Spaces (1.43 Spaces per 1,000 SF Leased)
Frontage
154’ on Sleater Kinney Rd SE
Amenities
- Bus Line
- Signage
About 909 SLEATER KINNEY RD SE , LACEY, WA 98503
The Landing at Sleater Kinney is a true value-add opportunity where one can find immediate upside by leasing the vacant suites and increasing the existing rents to rates which are closer to market. There is no value being placed on suites 10, 12 and 15 which represents 6,200 SF of leaseable area and future growth to the NOI. Seller will guaranty the rent on suite 4040 which is the structure on the hard corner at $18.00/psf NNN for 1 year. The shopping center is set directly on the intersection of Sleater Kinney & Pacific Ave. which is the most desirable retail setting in the surrounding marketplace. *CLICK LINK ON SALE SUMMARY TO ACCESS FULL OM WITH FINANCIALS* (CA Required)
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,449,500 | |
| Land Assessment | $5,700,100 | Total Assessment | $11,149,600 |
Property Taxes
Parcel Numbers
Land Assessment
$5,700,100
Improvements Assessment
$5,449,500
Total Assessment
$11,149,600
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