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Highlighted transaction associated to Stren Lea
Marcus & Millichap is pleased to exclusively offer for sale the Burien Professional Center, a medical & general office building located in the commercial core of Burien, WA. Situated on a 16,111 square foot lot at the corner of 150th Street SW and 8th Avenue SW, it is just steps away from Burien Town Plaza and Town Square retail centers. This 1968-built property consists of 12,172 gross square feet of suites ranging in size from 290 to 3495 square feet. The property’s accessible parking and close proximity to the Burien Transit Center offer excellent convenience to tenants, clients and patients arriving from all nearby highways. Presently the property is tenanted by a successful mix of longstanding medical and personal service providers with mostly short-term leases making an excellent opportunity for a value-add investor or owner/user to fill the property as they see fit. From a development perspective, the property is zoned three to six story Downtown Commercial allowing for an Opportunity Zone-enhanced redevelopment play in the coming years.
The Puget Sound Regional Council designated Burien as one of the 25 Regional Growth Centers that will experience focused urban growth in the decades ahead. The community is embracing its new urban revitalization and the downtown has seen a major transformation with the addition of hundreds of new apartments and dozens of new local and national retail concepts. Strong job growth and household formation is expected in the coming decade. Just minutes away Alaska Airlines is developing a 500,000 square foot expansion campus and the Federal Aviation Administration recently opened a new 300,000 square foot regional headquarters with over 1,400 employees.
Property tours must be arranged with the Marcus & Millichap listing agents. Please do not contact the tenants without prior approval. Seller will respond to offers on a first-come, first-serve basis.
- Burien CBD Value-Add Medical Office Investment With Redevelopment Potential
- Low Sub-market Vacancy With Rising Rents
- In The Path Of Growth: Near New FAA HQ & Alaska Airlines Campus In Development
- Walking Distance To Burien Transit Center And Convenient Access To Highways
- Located Just Minutes From The Highline Medical Center
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