11401 Steele St S

    Tacoma, WA 98444
    • $2,950,000
    • STATUS: Active
    • ON SITE: 74 days
    • ID#: 1555850
    UPDATED: 58 min ago
    $2,950,000
    • 0
      BEDS
    • 1.53
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2005
    County:

    School Ratings & Info

    Listing Courtesy of Keller Williams Rlty Bellevue.

    Description

    Excellent South Tacoma location multi- tenant retail shopping center. 116th St. Center consists of 8 units shared by 5 tenants. The building is 2005 construction in a high traffic area. This building is highly visible with plenty of parking.The building has a great tenant mix and turnkey for any new owner. Financials include executed lease for unit 105 that begins February 1st 2020. Unit is 104 is vacant and could be leased for $25 per foot per year which would put well above 6.5 Cap

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-04-05T15:13:45.957.

    www.home4investment.com/homes/102483193

    11401 Steele St S Tacoma, WA 98444

    • Price: $2,950,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: 1555850
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.53
    Acres
    2005
    Built
    Neighborhood:
    Tacoma
    County:
    Pierce
    Area:
    Southeast Tacoma
    Property Description
    Excellent South Tacoma location multi- tenant retail shopping center. 116th St. Center consists of 8 units shared by 5 tenants. The building is 2005 construction in a high traffic area. This building is highly visible with plenty of parking.The building has a great tenant mix and turnkey for any new owner. Financials include executed lease for unit 105 that begins February 1st 2020. Unit is 104 is vacant and could be leased for $25 per foot per year which would put well above 6.5 Cap
    Exterior Features

    Building Condition Very Good Exterior BrickCement/ConcreteMetal/Vinyl Foundation Slab Lot Depth 0 Lot Topography And Vegetation Level Roof Flat Site Frontage 0 Style 75 - Retail Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 0 Waterfront Footage 0

    Interior Features

    Building Sq Ft 9773 Heating And Cooling 90%+ High Efficiency Office Sq Ft 0 Total Sq Ft Rented 9424

    Property Features

    Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 0 Assessed Value Year 0 Available Pads 0 Bank Owned No Boundary Survey 5.60 Cap Rate N Commercial Features Signage IncludedSprinkleredStorageJ Electrical Expenses 2418 Energy Source Electric Environment Survey N EPSEnergy 0 Form17 Provided Free And Clear N General Zoning Classification BusinessCommercialOfficeRetail Gross Adjusted Income 223541 Gross Rent Multiplier 12 Gross Scheduled Income 230445 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 2595 Net Operating Income 165114 Other Expenses 4863 Possession Closing Power Service Amps 0 Right Of First Refusal Yes Sewer Sewer Connected Tax Amount 23274 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 54750 Total Expenses TEX 54750 Total Monthly Rent 19203 Vacancy Rate 12 Water Sewer Garbage 21600 Water Source Public Zoning Jurisdiction County

    Listing information © 2020 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Ben Kinney Real Estate Team - Keller Williams Western Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-04-05T15:13:45.957.

     
    Ben Kinney Real Estate Team - Keller Williams Western Realty
    2211 Rimland Drive Suite 124
    Bellingham WA, 98226
    Listing Courtesy of Keller Williams Rlty Bellevue.