15500 S 1st Ave S - Freestanding FOR SALE


Burien, WA 98148- Downtown Burien
$4,750,000 USD
206-853-1330
15500 S 1st Ave S, Burien, WA for Sale
$4,750,000 USD
Freestanding - FOR SALE
1/3
null | 6.3% Cap Rate

15500 S 1st Ave S
Burien, WA 98148
Downtown Burien


OVERVIEW

Landmark Square is a 16,827 SF multi-tenant retail center located at 15500 1st Ave S in Burien, WA, one of the most active retail corridors in South King County. The property is 100% occupied and anchored by nationally recognized tenants including O’Reilly Auto Parts, Subway, MultiCare Health System, and Cricket Wireless. The offering presents a compelling opportunity to acquire a stabilized, cash-flowing asset with embedded rent growth and value-add upside through future mark-to-market lease adjustments.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$282 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Landmark Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

CR, UC Overlay

APN/PARCEL ID

202304-9482

ASK ABOUT THIS PROPERTY

Angela OliveriLee & Associates Commercial Real Estate ServicesMore Info
206-853-1330

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Angela OliveriLee & Associates Commercial Real Estate ServicesMore Info
206-853-1330

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