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2116 SW 152nd St - Seahurst USPS 1,600 SF Specialty Building Offered at $956,205 CAD at a 5.99% Cap Rate in Burien, WA 98166
INVESTMENT HIGHLIGHTS
- Low Management, Coupon Clipper Investment
- USPS Credit Tenant Anchor - 5-Years Remaining on USPS Lease
- Close Proximity to Downtown Burien Core (1/2 Mile)
- 100% Leased to Two Tenants
- Rare, Affluent Seahurst Retail Location
- Ample Street Parking, Private Parking in Rear
EXECUTIVE SUMMARY
NAI Puget Sound Properties is pleased to present 2116 SW 152nd St, Burien, WA, a fully leased 1,600 SF standalone retail building in an established commercial corridor of Seahurst. The property is anchored by the United States Postal Service (USPS), occupying 1,092 SF with five years remaining on their lease, alongside a stable local service tenant, Rosemary’s Counseling, which occupies 508 SF.
With its affluent Burien location, ample street parking in the front, and private onsite parking in the rear, this property represents a true “coupon clipper” investment, offering reliable cash flow from a nationally recognized credit tenant paired with a complementary service provider.
CAP Rate: 6%
Sales Price: $685,000
With its affluent Burien location, ample street parking in the front, and private onsite parking in the rear, this property represents a true “coupon clipper” investment, offering reliable cash flow from a nationally recognized credit tenant paired with a complementary service provider.
CAP Rate: 6%
Sales Price: $685,000
PROPERTY FACTS Under Contract
| Price | $956,205 CAD | Building Class | C |
| Price Per SF | $597.63 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 1,600 SF |
| Cap Rate | 5.99% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1947/1995 |
| Property Subtype | Post Office | Parking Ratio | 2.5/1,000 SF |
| Zoning | MU-1 | ||
| Price | $956,205 CAD |
| Price Per SF | $597.63 CAD |
| Sale Type | Investment |
| Cap Rate | 5.99% |
| Property Type | Specialty |
| Property Subtype | Post Office |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 1,600 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1947/1995 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | MU-1 |
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PROPERTY TAXES
| Parcel Number | 763580-0933 | Improvements Assessment | $440,640 CAD |
| Land Assessment | $177,014 CAD | Total Assessment | $617,654 CAD |
PROPERTY TAXES
Parcel Number
763580-0933
Land Assessment
$177,014 CAD
Improvements Assessment
$440,640 CAD
Total Assessment
$617,654 CAD
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2116 SW 152nd St - Seahurst USPS
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