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Southgate Center 905 S 2nd Ave 32,695 SF 22% Leased Retail Building Walla Walla, WA 99362 $3,820,905 CAD ($116.87 CAD/SF) 3.69% Cap Rate
Executive Summary
This property is located in a well-established part of the Walla Walla community with neighborhood business located in the complex.
5,422 SF of this shopping center is leased to two long-term tenants, and 3,735 SF to short-term tenants, providing day one revenue.
The remaining complex offers 24,304 SF of vacant space currently demised into 3 spaces for a combination of owner occupied and/or tenant spaces.
Historically this shopping center has been anchored by a long-term grocery store tenant who has chosen to retire.
This property is ready for the next generation of ownership to create a viable real estate income investment.
5,422 SF of this shopping center is leased to two long-term tenants, and 3,735 SF to short-term tenants, providing day one revenue.
The remaining complex offers 24,304 SF of vacant space currently demised into 3 spaces for a combination of owner occupied and/or tenant spaces.
Historically this shopping center has been anchored by a long-term grocery store tenant who has chosen to retire.
This property is ready for the next generation of ownership to create a viable real estate income investment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
32,695 SF
Building Class
C
Year Built
1950
Price
$3,820,905 CAD
Price Per SF
$116.87 CAD
Cap Rate
3.69%
NOI
$140,903 CAD
Percent Leased
22%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
2.94 AC
Zoning
Highway Commercial
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 1st Floor | 21,515 SF | Retail | - | Now |
1st Floor
| Size |
| 21,515 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 21,515 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Bike Score®
Very Bikeable (88)
Nearby Major Retailers
Property Taxes
| Parcel Number | 360729420121 | Improvements Assessment | $1,319,608 CAD |
| Land Assessment | $720,370 CAD | Total Assessment | $2,039,978 CAD |
Property Taxes
Parcel Number
360729420121
Land Assessment
$720,370 CAD
Improvements Assessment
$1,319,608 CAD
Total Assessment
$2,039,978 CAD
1 of 31
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Southgate Center | 905 S 2nd Ave
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