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27807014
27807013

12930 Pacific Hwy SW, Lakewood, WA 98499

CB
WA WA 123258, ID SP56979
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle
$1,035,000
227 days on market
Updated 19 days ago
Opportunity zone

Lakewood Commercial Plaza

Details
Property Type Retail
Sub Type Storefront
Square Footage 5,192
Net Rentable (SqFt) 5,192
Units 3
Cap Rate 6.56%
NOI $67,875
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Pro-Forma Cap Rate 6.75%
Pro-Forma NOI $69,912
Price per SqFt $199
Broker Co-Op Yes
Year Built 1962
Year Renovated 2007
Buildings 1
Stories 1
Acreage 0.370
Zoning C-1
Parking Spaces 17 spaces
Parking Per SqFt 3.27
Investment Type Net Lease
Ownership Fee Simple

100% Leased 3-Tenant Retail | Below Market Rents

Marketing description

BROWN RETAIL GROUP at Marcus & Millichap is pleased to present Lakewood Commercial Center, a fully-leased NNN investment located at 12930 Pacific Highway SW in Lakewood, WA. The property is strategically positioned along Pacific Highway SW, a major commercial corridor with direct access to I-5, drawing consistent visibility from both commuter and local traffic, and serving as a gateway to nearby employment and retail hubs. Built in 1962 and renovated in 2000, the 5,192-squarefoot building is divided into three suites, each secured by in-place NNN leases with annual rental escalations. At 100% occupancy, this investment not only mitigates operating risk, but also ensures reliable income growth over time. The tenant mix offers diversification and stability, with long-standing occupants that benefit from the property’s strong visibility and accessibility. Looking ahead, Lakewood’s continued growth driven by nearby residential developments, military employment at Joint Base Lewis-McChord, and revitalization along Pacific Highway positions the property to capture sustained demand. Investors gain the opportunity to acquire a stabilized, well-maintained asset at an attractive basis in a supply-constrained South Puget Sound market.

Investment highlights

Strategically Located with I-5 Visibility

Full-Leased with NNN Leases

Diverse Tenant Mix

Attractive Basis Below Replacement

Strong Historical Occupancy

Growing South Puget Sound Market

Listing Contacts

CB
WA WA 123258, ID SP56979
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$67,875.00
$5,656.25/mo

Valuation Metrics

0
DSCR
6.56%
Cap Rate
6.56%
ROI

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Additional Information

Name
Clayton J. Brown
License
WA 123258
Brokerage Phone
(206) 826-5787
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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