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.