Listed by CBRE - Seattle
$4,200,000
Southgate (North) Retail Center
Details
APN 09080034001
Property Type Retail
Sub Type Shopping Center
Square Footage 17,208
Units 1
Cap Rate 6.9%
NOI $290,000
Lease Type NNN
Year Built 1972
Stories 1
Lot Size (SqFt) 57,934
Zoning CBC
Investment Type Value Add
Ground Lease No
17k SF Strip Center | Value-Add Potential | Tumwater, WA
Marketing description
- Excellent visibility along a high-traffic corridor, featuring loyal, well-followed tenants and multiple value-add opportunities
- HVAC Systems recently replaced
- New Roof Installed 2025
- 81 parking stalls
- Four curb cuts on Capitol Blvd S
Investment highlights
- Current Annual NOI: $290,000
- Six (6) out of Eight (8) Retail Suites currently occupied
- South portion of retail center also available for sale (Contact Brokers if interested)
Listing Contacts
Listed by CBRE - Seattle
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$290,000.00
$24,166.67/mo
Valuation Metrics
0
DSCR
6.9%
Cap Rate
6.9%
ROI
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