Log In/Sign Up
Your email has been sent.
333 15th St NE - Imperial Palace Casino 12,278 SF Sports & Entertainment Building Offered at $13,805,649 CAD at a 9.10% Cap Rate in Auburn, WA 98002
INVESTMENT HIGHLIGHTS
- ***BUILDING & LAND ONLY***
- NNN Lease with minimal landlord responsibilities.
- $2,900,000+ renovation in 2022/2023
- Only non-tribal casino permitted in Auburn (Grandfathered Use)
EXECUTIVE SUMMARY
***BUILDING & LAND ONLY***
New 15-year NNN lease with the operator of the Imperial Palace Casino. The property has been a staple of the community for over 25 years, and is the only non-tribal state-licensed casino permitted in Auburn. A recent change in the business ownership led to a $2.9m renovation and a long-term lease to secure the future of a very successful operation, which is considered a recession-resistant investment.
New 15-year NNN lease with the operator of the Imperial Palace Casino. The property has been a staple of the community for over 25 years, and is the only non-tribal state-licensed casino permitted in Auburn. A recent change in the business ownership led to a $2.9m renovation and a long-term lease to secure the future of a very successful operation, which is considered a recession-resistant investment.
PROPERTY FACTS
| Price | $13,805,649 CAD | Lot Size | 1.54 AC |
| Price Per SF | $1,124.42 CAD | Building Size | 12,278 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 9.10% | Year Built/Renovated | 1973/2023 |
| Property Type | Sports & Entertainment | Tenancy | Single |
| Property Subtype | Casino | Parking Ratio | 9.28/1,000 SF |
| Building Class | B | ||
| Zoning | C3, Auburn - Commercial | ||
| Price | $13,805,649 CAD |
| Price Per SF | $1,124.42 CAD |
| Sale Type | Investment |
| Cap Rate | 9.10% |
| Property Type | Sports & Entertainment |
| Property Subtype | Casino |
| Building Class | B |
| Lot Size | 1.54 AC |
| Building Size | 12,278 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1973/2023 |
| Tenancy | Single |
| Parking Ratio | 9.28/1,000 SF |
| Zoning | C3, Auburn - Commercial |
1 1
PROPERTY TAXES
| Parcel Number | 000080-0015 | Improvements Assessment | $5,647,093 CAD |
| Land Assessment | $1,789,259 CAD | Total Assessment | $7,436,352 CAD |
PROPERTY TAXES
Parcel Number
000080-0015
Land Assessment
$1,789,259 CAD
Improvements Assessment
$5,647,093 CAD
Total Assessment
$7,436,352 CAD
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
333 15th St NE - Imperial Palace Casino
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.