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Southgate Center 905 S 2nd Ave 32,695 SF 22% Leased Retail Building Walla Walla, WA 99362 $3,866,547 CAD ($118.26 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
$3,866,547 CAD
Price Per SF
$118.26 CAD
Cap Rate
3.69%
NOI
$142,586 CAD
Percent Leased
22%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
2.94 AC
Zoning
Highway Commercial
Bike Score®
Biker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 360729420121 | Improvements Assessment | $1,304,156 CAD |
| Land Assessment | $721,340 CAD | Total Assessment | $2,025,497 CAD |
PROPERTY TAXES
Parcel Number
360729420121
Land Assessment
$721,340 CAD
Improvements Assessment
$1,304,156 CAD
Total Assessment
$2,025,497 CAD
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Southgate Center | 905 S 2nd Ave
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