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Twin Lakes Retail Center - Availability Details

33612 21st Avenue SW, Federal Way, WA 98023

  • For Sale $5,315,000
  • Property Type Retail - Street Retail
  • Property Size 10,200 Sqft
  • Date Updated Sep 14, 2021
Center is situated in a strong retail corridor within the Twin Lakes community of Federal Way (21st Ave SW & SW Campus Dr), high visibility, easy access and has high traffic counts of more than 21,000 VPD.
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Location

  • City Federal Way, WA
  • Neighborhood Federal Way
  • Zip Code 98023
  • Market Seattle

Contacts

broker

Derek Doke

NAI Puget Sound Properties

(425) 586-5635

Highlights

  • Build structure is sound and well maintained and is constructed of masonry frame and glass exteriors.
  • Professional managed with minimal landlord responsibility, tenants are on NNN leases.
  • SALES PRICE: $5,315,000
  • CAP RATE: 5%
  • NOI: $265,750
  • NUMBER OF TENANTS: 9
  • LOT SIZE: 39,730 SF
  • BUILDING SIZE: 10,200 SF
  • YEAR BUILT: 1984
  • MARKET: Twin Lakes/Federal Way
  • COUNTY: King
  • TAX PARCEL ID: 2421039113

Attachments

Contact Listing Broker

broker

Derek Doke

NAI Puget Sound Properties

(425) 586-5635

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