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26922939
26922938

555 W Smith St, Kent, WA 98032

KG
WA WA 131660
Kidder Matthews
AG
WA WA 131683
Kidder Mathews Seattle
Listed by Kidder Matthews, Kidder Mathews Seattle
$6,685,725
261 days on market
Updated 57 days ago

Kent Professional Plaza

Details
Property Type Office
Sub Type Traditional Office
Square Footage 23,176
Cap Rate 6%
NOI $401,143
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $288
Broker Co-Op Yes
Year Built 1988
Buildings 2
Stories 2
Lot Size (SqFt) 91,872
Zoning DCE
Investment Type Stabilized

Office | 6.00% CAP | 23,176 SqFt

Investment highlights

Premier Downtown Kent Location

Situated in the heart of Kent’s central business district, directly adjacent to the Regional Justice Center and within walking distance to Kent Station, Sound Transit bus, and numerous retail and dining amenities.

Ample Parking & Accessibility

Large surface parking lot provides convenient access for tenants and visitors, supporting sustained tenant retention.

High-Quality Asset

Meticulously maintained by ownership with strong curb appeal and reputation as one of downtown Kent’s finest professional office properties.

Diverse & Essential Tenant Base

Tenants include prominent legal, financial services and community services such as US Bank Business Banking, Stewart Beall MacNichols and ILS.

Excellent Regional Access

Just blocks from SR-167, providing quick connections to I-5, I-405 and the enitre Seattle, Bellevue, and Tacoma metro corridor.

Low Historical Vacancy

Consistently strong performance with a track record of long-term tenancy and below-market vacancy compared to peer suburban office assets.

Listing Contacts

KG
WA WA 131660
Kidder Matthews
AG
WA WA 131683
Kidder Mathews Seattle
Listed by Kidder Matthews, Kidder Mathews Seattle

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$401,143.00
$33,428.58/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Kyle Graff
License
WA 131660
Brokerage Phone
4252902247
Name
Andrew Graff
License
WA 131683
Brokerage
Kidder Mathews
Brokerage Phone
(425) 218-3636
Title
Senior Vice President
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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