Listed by Real Property Associates
$4,222,000
Second Time Around
Details
Property Type Retail
Square Footage 8,000
Tenancy Multi
Lease Type NNN
Lease Term 6.9
Lease Expiration 12/31/2030
Remaining Term 4.6
Lease Options 5 year
Pro-Forma Cap Rate 4.97%
Pro-Forma NOI $209,637
Price per SqFt $528
Lot Size (SqFt) 4,120
Lease Commencement 01/31/2024
Ground Lease No
Retail | 4.35% CAP | 8,000 SqFt
Marketing description
This is your opportunity to own legacy property on the “Ave”. Ideally located on University Way on block for UW. Tons of foot traffic.
Perfect for owner/user or investor. Leased street level retail. One second floor tenant with long term lease. One second floor office currently vacant. Good investment with development possibilities for the future.
Investment highlights
Street level retail space 3708 sqft with 40 foot frontage.
Listing Contacts
Listed by Real Property Associates
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