3865-- 3901 Steilacoom Blvd SW , 1-19

    Lakewood, WA 98499
    • $5,125,000
    • STATUS: Active
    • ON SITE: 260 days
    • ID#: 1333983
    UPDATED: 60 min ago
    $5,125,000
    • 0
      BEDS
    • 4.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1987
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Keller Williams Downtown Sea.

    Description

    ~INVESTOR ALERT ~ CAP RATE is 6% ~ STEILACOOM SQUARE ~ 97% Leased-out Commercial Property with only 2 Vacant Suites. Located in the Heart of Lakewood. C-2 Zoning allows for Multiple Uses for Retail & Industrial.Most Suites has 3-phase Power, & Fire Suppression Systems in most the Buildings, 21 Grade Level Doors, 20 Foot Warehouse Heights, Ample Parking & Street Front Exposure on Steilacoom Blvd. Easy Access to I-5 and SR-512, Highway 99. ~ Do Not Disturb or Approach Tenants ~

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-20T10:14:37.317.

    www.kimberlygartlandgroup.com/homes/86216754

    3865-- 3901 Steilacoom Blvd SW , 1-19 Lakewood, WA 98499

    • Price: $5,125,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: 1333983
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.21
    Acres
    1987
    Built
    Neighborhood:
    Lakewood
    County:
    Pierce
    Area:
    Lakewood
    Property Description
    ~INVESTOR ALERT ~ CAP RATE is 6% ~ STEILACOOM SQUARE ~ 97% Leased-out Commercial Property with only 2 Vacant Suites. Located in the Heart of Lakewood. C-2 Zoning allows for Multiple Uses for Retail & Industrial.Most Suites has 3-phase Power, & Fire Suppression Systems in most the Buildings, 21 Grade Level Doors, 20 Foot Warehouse Heights, Ample Parking & Street Front Exposure on Steilacoom Blvd. Easy Access to I-5 and SR-512, Highway 99. ~ Do Not Disturb or Approach Tenants ~
    Exterior Features

    Building Condition Very Good Exterior Cement/Concrete Foundation Slab Loading 10'-15' DoorsGrade Lot Depth 393 Roof Flat Site Frontage 424 Style 61 - Comm Bldg Ovr 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 217 Waterfront Footage 34310

    Interior Features

    Building Sq Ft 52737 Ceiling Height 10-20 Floor Covering ConcreteVinylWall to Wall Carpet Heating And Cooling Forced Air Office Sq Ft 17913 Total Sq Ft Rented 46923

    Property Features

    Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 0 Assessed Value Year 0 Available Pads 0 Bank Owned No Boundary Survey 7.60 Cap Rate Y Commercial Features Signage IncludedSprinkleredJ Electrical Expenses 25007 Energy Source ElectricNatural Gas Environment Survey N EPSEnergy 0 Expansion Area N Form17 Provided General Zoning Classification Commercial Gross Adjusted Income 544680 Gross Rent Multiplier 10 Gross Scheduled Income 544680 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 6147 Net Operating Income 486090 Other Expenses 3652 Possession ClosingSub. Tenant's Rights Power Company Lakewood Light & Power Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company Pierce County / Pierce County Tax Amount 58999 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 0 Total Expenses TEX 0 Total Monthly Rent 41107 Vacancy Rate 2 Water Company Lakewood Water Sewer Garbage 5322 Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Kimberly Gartland Group - Keller Williams Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-04-20T10:14:37.317.

     
    Kimberly Gartland Group - Keller Williams Realty
    5263 Olympic Drive NW, Suite B
    Gig Harbor WA, 98335
    Listing Courtesy of Keller Williams Downtown Sea.