Lakes Plaza | 9124 Gravelly Lake Dr SW
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Lakes Plaza 9124 Gravelly Lake Dr SW
8,356 SF 100% Leased Retail Building Lakewood, WA 98499 $1,200,000 ($144/SF) 6.50% Cap Rate
Investment Highlights
- Heavy traffic supplying over 20,000 vehicles per day
- Cross parking agreement for ample parking.
- Updated HVAC and Finishings
- 3 office suites
Executive Summary
Incredible access and visibility supplied by Bridgeport Way and Gravelly Lake Dr for this attractive 3885sf +/- professional building. Traffic of over 20,000+ vehicles per day. Additional parking is secured by a cross-parking easement. Monument signage and access on both major roadways. This building has recently upgraded HVAC and tasteful finishes. This office building is comprised of 3 office suites providing multiple uses and tenants when available. The adjacent building 9307 Bridgeport Way SW is also available for sale which provides a campus style continuity for the project. Possible seller financing negotiable.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,356 SF
Building Class
B
Year Built
1986
Price
$1,200,000
Price Per SF
$144
Cap Rate
6.50%
NOI
$78,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Land Acres
2.25 AC
Zoning
CBD
Parking
13 Spaces (3.35 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Banking
- Bus Line
- Signage
- Tenant Controlled HVAC
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Health Care 2539883756
- Health Care and Social Assistance
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99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Health Care 2539883756 | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score ®
Very Walkable (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 513000-1380 | Improvements Assessment | $205,800 |
| Land Assessment | $513,400 | Total Assessment | $719,200 |
PROPERTY TAXES
Parcel Number
513000-1380
Land Assessment
$513,400
Improvements Assessment
$205,800
Total Assessment
$719,200
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Brent Tornquist -
Mark Bergman -
Windermere Professional Partners
1 of 36
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Lakes Plaza | 9124 Gravelly Lake Dr SW
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