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Southcenter Parkway Retail 2 Retail Properties Offered at $7,817,152 CAD in Tukwila, WA
INVESTMENT HIGHLIGHTS
- 168,000 employees within a 5-mile radius
- Rare opportunity in the Southcenter area to own a retail site with no existing legacy ground lease.
- CAP Rate: Approximately 6.5%
EXECUTIVE SUMMARY
Offering is two stand alone retail buildings situated at a highly visible, signalized intersection in one of the top trade area destinations in the state. The property provides excellent traffic exposure and accessibility and is centrally positioned within the Southcenter trade area, which attracts nearly 10 million shoppers annually. This sought-after, standalone investment is strategically located at the corner of Southcenter Parkway and Strander Boulevard.
Current Tenants: AT&T and Harmony Tea enjoy outstanding branding and visibility, with prominent storefront and pylon signage available. The intersection boasts approximately 49,000 vehicles per day, with convenient access to I-5 and I-405, making it an ideal location for both current operations
and future tenants.
Current Tenants: AT&T and Harmony Tea enjoy outstanding branding and visibility, with prominent storefront and pylon signage available. The intersection boasts approximately 49,000 vehicles per day, with convenient access to I-5 and I-405, making it an ideal location for both current operations
and future tenants.
PROPERTY FACTS
| Price | $7,817,152 CAD | Number of Properties | 2 |
| Price / SF | $1,425 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.45% | Total Building Size | 5,487 SF |
| Sale Type | Investment or Owner User | Total Land Area | 1.75 AC |
| Status | Active |
| Price | $7,817,152 CAD |
| Price / SF | $1,425 CAD / SF |
| Cap Rate | 6.45% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,487 SF |
| Total Land Area | 1.75 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 16425 Southcenter Pky, Tukwila, WA 98188 | Retail | 3,656 SF | 1978 | - |
|
Cingular
16415 Southcenter Pky, Tukwila, WA 98188 |
Retail | 1,831 SF | 1978 | - |
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Southcenter Parkway Retail
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