10240 Bridgeport Way SW - Apartments FOR SALE


Lakewood, WA 98499- Lakeview Tacoma
$11,500,000 USD
952-356-0100
10240 Bridgeport Way SW, Lakewood, WA for Sale
$11,500,000 USD
Apartments - FOR SALE
1/12
null | 5.56% Cap Rate

10240 Bridgeport Way SW
Lakewood, WA 98499
Lakeview Tacoma


OVERVIEW

Northmarq is pleased to present Town Centre Village, a premier investment opportunity in Lakewood, Washington. This offering includes two well-maintained buildings: a 41,072-square-foot mixed-use property comprising 33 residential units and 9 commercial spaces with prime frontage along Bridgeport Way, and a 6,932-square-foot fourplex featuring expansive two- and three-bedroom units. The community offers ample parking, including 40 surface spaces, 31 gated spaces, and 16 gated and covered spaces, ensuring convenience for both residents and commercial patrons. The multifamily units are well-appointed with white appliances, luxury vinyl plank flooring, in-unit washers and dryers, laminate countertops, and private decks with storage closets. With the potential to increase rental income by approximately 11% through minor renovations and rent adjustments to market rates, Town Centre Village presents a compelling value-add opportunity. The commercial component is currently 83% occupied, with the majority of tenants secured under long-term NNN leases. Built in 2005, Town Centre Village combines modern design, strong occupancy, and significant upside potential, making it an exceptional asset in a high-demand market.

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

46

PRICE/UNIT

$250,000

CAP RATE

5.56%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Town Centre Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2005

PARKING SPACES

87

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

NC2

APN/PARCEL ID

540000-0541,540000-0610

ASK ABOUT THIS PROPERTY

Brendan GreenheckNorthmarqMore Info
952-356-0100

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Brendan GreenheckNorthmarqMore Info
952-356-0100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.