Valley Professional Center | 10700 SE 174th St
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Valley Professional Center 10700 SE 174th St
14,403 SF 89% Leased Office Building Renton, WA 98055 $4,100,000 ($285/SF) 6.35% Cap Rate
Executive Summary
MK Property Services, LLC is pleased to present the opportunity for a qualified investor or owner/user to acquire a 100% fee-simple interest in the Valley Professional Center, a 2-story medical/dental and professional building well positioned in the suburban Renton market, with under market rate leases and with lease terms providing a Buyer long term stability or an owner/user an opportunity to grow your business while creating investment value.
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Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
14,403 SF
Building Class
B
Year Built
1978
Price
$4,100,000
Price Per SF
$285
Cap Rate
6.35%
NOI
$260,478
Percent Leased
89%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,202 SF
Slab To Slab
10’
Building FAR
0.40
Lot Size
0.83 AC
Zoning
CBSO, Renton
Parking
60 Spaces (4.17 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 of 1
Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 292305-9160 | Improvements Assessment | $1,956,800 |
| Land Assessment | $1,089,000 | Total Assessment | $3,045,800 |
PROPERTY TAXES
Parcel Number
292305-9160
Land Assessment
$1,089,000
Improvements Assessment
$1,956,800
Total Assessment
$3,045,800
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Valley Professional Center | 10700 SE 174th St
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