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1241-1261 Harrison Ave 9,282 SF 100% Leased Retail Building Centralia, WA 98531 $3,078,460 CAD ($331.66 CAD/SF) 6.59% Cap Rate
Investment Highlights
- Lots of Parking
- Fully Leased
- High Traffic
Executive Summary
Fully leased, multi-tenant retail building with tons of parking. Tenants include Domino's Pizza (25 year plus), La Perla Grocery, Beauty Nails, Farmers Insurance, and WA State DSHS. Pylon sign on Harrison Ave and easy access from Interstate 5.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$270,280
|
$29.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$270,280
|
$29.12
|
| Taxes |
$9,515
|
$1.03
|
| Operating Expenses |
$57,864
|
$6.23
|
| Total Expenses |
$67,379
|
$7.26
|
| Net Operating Income |
$202,901
|
$21.86
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $270,280 |
| Annual Per SF | $29.12 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $270,280 |
| Annual Per SF | $29.12 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,515 |
| Annual Per SF | $1.03 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $57,864 |
| Annual Per SF | $6.23 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $67,379 |
| Annual Per SF | $7.26 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $202,901 |
| Annual Per SF | $21.86 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
9,282 SF
Building Class
C
Year Built
1986
Price
$3,078,460 CAD
Price Per SF
$331.66 CAD
Cap Rate
6.59%
NOI
$202,898 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.96 AC
Zoning
C1
Parking
43 Spaces (4.63 Spaces per 1,000 SF Leased)
Frontage
64’ on Harrison Ave
Amenities
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
Space Availability
- Space
- Size
- Space Use
- Position
- Available
3000 sq ft demisable to 2250 sqft and 750 spaces sqft units if required. Recent interior remodel with work stations, private offices/conference rooms. Turn key for office or retail. Available Sept 1st.
| Space | Size | Space Use | Position | Available |
| 1247 -1253 | 3,000 SF | Office | - | Sep 2026 |
1247 -1253
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Sep 2026 |
1247 -1253
| Size | 3,000 SF |
| Space Use | Office |
| Position | - |
| Available | Sep 2026 |
3000 sq ft demisable to 2250 sqft and 750 spaces sqft units if required. Recent interior remodel with work stations, private offices/conference rooms. Turn key for office or retail. Available Sept 1st.
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 003475-006-012 | Total Assessment | $1,390,271 CAD (2025) |
| Land Assessment | $576,346 CAD (2025) | Annual Taxes | $9,515 CAD ($1.03 CAD/SF) |
| Improvements Assessment | $813,925 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
003475-006-012
Land Assessment
$576,346 CAD (2025)
Improvements Assessment
$813,925 CAD (2025)
Total Assessment
$1,390,271 CAD (2025)
Annual Taxes
$9,515 CAD ($1.03 CAD/SF)
Tax Year
2026
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1241-1261 Harrison Ave
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