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Southgate Shopping Center (South) 6 Retail Properties Offered at $11,000,000 in Multiple Locations
Investment Highlights
- National Tenants and In-Place Income
- Near Dominant Retail Hubs
- Supports a Range of Retail or Mixed-Use Outcomes
- High-Visibility & Immediate I-5 Access
- Recent Infrastructure Improvements (New Traffic Pattern)
- Assemblage Potential - Opportunity exists to coordinate with northern parcel ownership.
Executive Summary
Amazing opportunity to purchase a shopping center right off of I-5, Exit 102. Property includes 42,000+/- SF retail space together with two restaurant drive-thru pad sites on 5.1 acres. Recent street frontage and interchange improvements completed. Good potential for future redevelopment.
Property Facts
| Price | $11,000,000 | Number of Properties | 6 |
| Price / SF | $379.32 / SF | Individually For Sale | 0 |
| Cap Rate | 5.50% | Total Building Size | 28,999 SF |
| Sale Type | Investment | Total Land Area | 5.61 AC |
| Status | Active |
| Price | $11,000,000 |
| Price / SF | $379.32 / SF |
| Cap Rate | 5.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 28,999 SF |
| Total Land Area | 5.61 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 182 Trosper Rd SW, Olympia, WA 98501 | Retail | 1,922 SF | 1996 | - |
|
Southgate Center
5203 Capitol Blvd SW, Tumwater, WA 98501 |
Retail | 13,500 SF | 1961 | - |
|
Southgate Center
5201 Capitol Blvd SW, Tumwater, WA 98501 |
Retail | 6,000 SF | 1993 | - |
|
Southgate Center
5115 Capitol Blvd SW, Tumwater, WA 98501 |
Retail | 4,900 SF | 1975 | - |
| 110 Trosper Rd SW, Tumwater, WA 98501 | Retail | 2,350 SF | 1993 | - |
|
Southgate Center
5121 Capitol Blvd SW, Tumwater, WA 98501 |
Retail | 327 SF | 1961 | - |
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Southgate Shopping Center (South)