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Cleveland Plaza
Mixed Use | 7.36% CAP
Listing Contacts
JB 
License: WA 98501
Active
Address
321 Cleveland Ave SE, Tumwater, WA 98501
Show on MapDate Added
May 18, 2023
Days on Market
707 days
Time Since Last Update
76 days
Details
Property TypeMixed Use, Retail
SubtypeStorefront
Investment TypeStabilized
ClassB
Lease TypeNNN
TenancyMulti
Net Rentable (sq ft)15,765
Cap Rate7.36%
Occupancy100%
NOI$312,610
Year Built1984
Year Renovated2019-2023
Buildings1
Stories3
ZoningBrewery District
Lot Size (acres)0.78
APN84900200600
Ownership321 Cleveland LLC
Marketing Description
Well located mixed-use building in the heart of Tumwater, across the street from Tumwater Safeway. Fully remodeled between 2019-2023. Features lots of light and northwest contemporary design. Strong tenant mix with several long-term leases in place.
Investment Highlights
Fully renovated building in the heart of Tumwater’s Brewery District
Up and coming revitalized commercial district
Great access and visibility
Ample parking
Close to I-5 & downtown Olympia
On bus line
Fully Stabilized Strong Tenant Mix
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$312,610.00
$26,050.83/mo
Valuation Metrics
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0
DSCR
7.36%
Cap Rate
7.36%
ROI
Property History
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Due Diligence
Listing Contacts
JB - License: WA 98501
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Additional Information
Broker of Record
Zach Kosturos
Broker of Record: License Type
WA
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