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Key Details
Sold Price $2,200,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Shoreline
MLS Listing ID 2221117
Sold Date 05/13/24
Style 60 - Comm Bldg Und 10K
Year Built 1970
Annual Tax Amount $20,922
Lot Size 0.505 Acres
Lot Dimensions 219 x 106
Property Description
Single-tenant NNN leased warehouse property on a 22,018 SF lot zoned Mixed Business (MB). The happy long-term tenant occupies both buildings on-site and has a NNN lease through May 31, 2028. Both buildings feature clear span warehouses with 18' ceiling height, heavy power, grade-level loading doors, private offices, private restrooms and additional storage. Fenced lot with 14 on-site parking spaces and conveniently located just one block West of Highway 99. Flexible MB zoning allows for a variety of uses including multi-family, single-family, retail, office, light manufacturing, warehousing, etc. Excellent hands-off investment. Annual base rent effective 6/1/24 is $140,688 with 3% annual increases. Please don't disturb Tenant.
Location
State WA
County King
Area 715 - Richmond Beach/Shoreline
Interior
Interior Features Concrete, Wall to Wall Carpet
Flooring Concrete, Carpet
Fireplace No
Exterior
Exterior Feature Brick, Metal/Vinyl, Wood Products
Roof Type Flat,Metal
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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