12134 Pacific Highway SW, Lakewood, WA 98499

$1,299,000

Listing courtesy of COMPASS.

List Price
$1,299,000
Status
ACTIVE
MLS#
2180270
Days on Market
14
Annual Tax Ammount
4399

Property Description

Fully occupied in a Opportunity Zone! This property offers a unique opportunity to expand your portfolio with a 3 unit retail strip! Anchored by two well-established restaurants and a smoke shop., The property is situated on the bustling Pacific Highway, ensuring high visibility and traffic. The site benefits from parking visibility and potential for higher rents enhances its value-add potential. All units are under triple net leases (NNN) ensuring tenants are responsible or expenses. Located in an area experiencing growth, this property represents a dynamic investment for some one looking to add to their portfolio. Sale includes two tax parcels. 5 year leases with 3% annual bumps! *DISCRETION ADVISED Do not disturb tenants

Additional Information

Community
Lakewood
Style
60 - Comm Bldg Und 10K
Year Built
1941
# of Assigned Spaces
15
Roof
Composition
Tax Year
2023
Potential Terms
Cash Out, Conventional
Interior Features
Laminate
Flooring
Laminate, Vinyl
Driving Directions
From I-5, take Exit 125 to Bridgeport Way SW towards Lakewood, go South on Pacific Highway SW, building is on your right hand side, not far from the intersection.
Electric Expenses
5900
Energy Source
Electric, Natural Gas
Buyer Agency Compensation
2.5
Net Operating Income
$66,013
Gross Scheduled Income
$89,412
Water/Sewer/Garbage Expenses
$5,200
Cap Rate
5.08
Total Expenses
$23,399
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