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5202 100th St SW
Lakewood, WA 98499
Office Property For Sale


Investment Highlights
- Fully accessible
- High-traffic location
- Excellent signage
Executive Summary
The Lakewood Office Building is conveniently located in one of the highest traffic locations in Lakewood at 100th St. just up from Lakewood Dr. across from Lowe’s. It's a stone's throw from the Lakewood Towne Centre, the largest shopping area in Lakewood which is soon to begin Lakewood’s largest multifamily housing project. The Lakewood Office Building's high visibility profile and easy access are just a few of the benefits. The building features a tiled common area entrance with stairs and elevator access to the second floor, 24-hour access for tenants, climate control system, fire alarm, and fire sprinkler system. The parking is ample in the paved and lighted lot, and the monument sign offers excellent exposure to passersby. There are also lighted box signs on the building. The multi tenant building has four leasable office spaces, two of which are leased and two are available for lease making this a great owner-user opportunity. Suite 101 is 1,300sf and has an open floor plan with one private office, a spacious break room, and a restroom. Suite 201 features three private offices, a training or conference room that could potentially be divided into two additional private offices, and a waiting/reception room and restroom.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,593 SF
Building Class
B
Year Built
1997
Price
$1,700,400 CAD
Price Per SF
$304.02 CAD
Cap Rate
8%
NOI
$136,032 CAD
Percent Leased
54%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,796 SF
Slab To Slab
11’
Building FAR
0.23
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Parking
25 Spaces (4.9 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 540020-0081 | Improvements Assessment | $212,346 CAD |
| Land Assessment | $976,982 CAD | Total Assessment | $1,189,328 CAD |
Property Taxes
Parcel Number
540020-0081
Land Assessment
$976,982 CAD
Improvements Assessment
$212,346 CAD
Total Assessment
$1,189,328 CAD
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