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512 Strander Blvd
Tukwila, WA 98188

$4,295,000 USD

Freestanding For Sale  •  18,900 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 18,900 SF
  • Lot Size 0.69 AC
  • Building Class C
  • Year Built 1969
  • Cap Rate 8.80 %
  • Tenancy Single
  • Zoning TUC
49 Transit Score
57 Walk Score

Highlights

PRO-FORMA 8.80% CAP RATE - FAIR MARKET RENT IN LEASE OPTION
TENANT IN PLACE WITH STRONG HISTORICAL OCCUPANCY
PRIME LOCATION
HIGH-TRAFFIC, HIGH-VISIBILITY LOCATION
FLEXIBLE ZONING ALLOWING NUMEROUS USES
HIGH BARRIER-TO-ENTRY MARKET WITH STRONG RENT GROWTH (9.5%)

Property Flyers

Cap Rate: 8.80 %

Major Tenants

Tenant SF Occupied Lease End Date
Foss Audio & Tint 6/30/2019

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Tukwila Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 3 min 13 min 0.7 mi
Kent Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 11 min - 6.0 mi
AirportDriveWalkDistance
Seattle-Tacoma International 11 min - 4.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 24
Type: Surface
Included in Rent: Yes
Clayton Brown 206-826-5787 Marcus & Millichap
Clayton Brown 206-826-5787 Marcus & Millichap