Listed by Prime Locations
$4,250,000
Cleveland Plaza
Details
APN 84900200600
Property Type Retail, Mixed Use
Sub Type Storefront
Net Rentable (SqFt) 15,765
Cap Rate 7.36%
NOI $312,610
Occupancy 100%
Tenancy Multi
Lease Type NNN
Class B
Year Built 1984
Year Renovated 2019-2023
Buildings 1
Stories 3
Acreage 0.780
Zoning Brewery District
Investment Type Stabilized
Ownership 321 Cleveland LLC
Retail | 7.36% CAP
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
Listing Contacts
Listed by Prime Locations
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$312,610.00
$26,050.83/mo
Valuation Metrics
0
DSCR
7.36%
Cap Rate
7.36%
ROI
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