Listed by Kidder Mathews Seattle, Kidder Mathews Bellevue
$1,280,000
A Street Professional Center
Details
APN 3141600315
Property Type Retail, Office
Sub Type Traditional Office
Square Footage 7,150
Units 18
Cap Rate 7.00%
NOI $89,647
Occupancy 60%
Tenancy Multi
Price per SqFt $179
Class C
Year Built 1979
Buildings 1
Lot Size (SqFt) 12,185
Zoning C3
Parking Spaces 2.52 per 1,000 sq ft
Investment Type Value Add
Ground Lease No
In-Place 7.00% Cap Rate with Signifcant Upside
Marketing description
The Verger Team is pleased to present the opportunity to acquire the A Street Professional Center, located in the heart of Auburn, Washington.
This asset offers investors and owner/users the rare combination of immediate cash flow, flexible occupancy, and meaningful value-add potential. The property is currently 60% occupied and generates a 7.00% in-place cap rate, providing stable income from the current tenants, creating a clear path to increased income through lease-up or direct owner occupancy.
Investment highlights
- Attractive In-Place Yield - Offered at a compelling 7.00% going-in cap rate, providing immediate cash flow from established tenancy.
- Clear Value-Add Through Lease-Up - Currently 60% occupied, offering investors a clear path to increase income and value through lease-up of the remaining office suites.
- Owner-User Flexibility - Ideal for an owner-occupant seeking a professional office presence while offsetting occupancy costs through rental income from existing retail tenants.
- Flexible Use Potential - Second-floor office layout is well-suited for professional services, medical, or administrative users.
- Strong Traffic Exposure - Exceptional visibility to 25,000+ average daily vehicles, supporting retail tenant performance, enhancing signage presence, and increasing long-term leasing appeal.
- Excellent Regional Connectivity - Located just minutes from SR 167, providing access to SR 18, I-5, and I-405, supporting tenant accessibility, employee commuting, and long-term leasing demand.
Listing Contacts
Listed by Kidder Mathews Seattle, Kidder Mathews Bellevue
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$89,647.00
$7,470.58/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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