Courtesy: Almon Commercial-Residential Real Estate
  • Price:

    • $4,562,825

  • Listing #:
    • 20-1648
  • Class:
    • Commercial
  • Status:
    • Active
  • Apx. SqFt:
    • 65,535
  • # of Acres:
    • 2.10
  • Sale/Rent:
    • For Sale
  • Year Built:
    • 1999
  • Address:
    • 1200 Chesterley Dr
  • City:
  • State:
    • WA
  • Zip:
    • 98902

Description

THIS OFFERING is for the opportunity to acquire a well-positioned multi-tenant office building with a strong track record, good location and diversified tenant mix. Structured in an intentionally transparent manner, this investment grade offering comes with minimal downside exposure and considerable upside opportunities both from simple 'paper' value-add concepts and functional/aesthetic updating opportunities. Offered at an 8 cap, the net operating income calculations include conservative projections such as the currently vacant spaces leased at below market rents (with the owner offering to lease back any vacancies up to 1-year following closing), a 10% vacancy factor, 2% capital replacement reserve and certain operating expenses adjusted upwards to account for market normalcies as

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  • Taxes:
    • - 51653.00
  • Tax Year:
    • - 2020
  • Main Use:
    • - Office
  • Lot Front Ft Approx:
    • - 0.00
  • Lot Depth Ft Approx:
    • - 0.00
  • Cooling:
    • - Central Air
  • Construction Style:
    • - Frame
  • Domestic Water:
    • - Public Water
  • Heating:
    • - Forced Air
    • - Gas
  • Lot Size:
    • - 1+ - 5.0 Acres
  • Roof:
    • - Built-up
  • Sewage System:
    • - Connected
  • Zoning:
    • - C - Commercial
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