19111 144th Ave NE - Storefront FOR SALE


Woodinville, WA 98072- North Industrial
$10,510,000 USD
206-826-5784
19111 144th Ave NE, Woodinville, WA for Sale
$10,510,000 USD
Storefront - FOR SALE
1/3
null | 6.3% Cap Rate

19111 144th Ave NE
Woodinville, WA 98072
North Industrial


HIGHLIGHTS

  • First Time On-Market
  • Class A Neighborhood Center
  • 25,000+ VPD
  • 93.2% Occupied

OVERVIEW

THE VARA GROUP at Marcus & Millichap is pleased to present The Junction, a premier neighborhood center in Woodinville, WA. The property is 93% leased to various uses, such as fast food, auto care, and tasting rooms. All in-place leases mitigate expense growth through an NNN expense reimbursement structure and feature annual rental increases as a hedge against inflation. The building was built in 2010, and its versatility lends itself to a wide range of uses, allowing the asset to remain near 100% occupancy since it was built. The Property is strategically positioned at a signalized intersection with over 600 feet of combined frontage and exposure to more than 25,000 vehicles daily. Two access points along 144th Avenue NE ensure seamless entry to the 84 parking stalls on-site. Woodinville’s growing reputation as a premier winery and retail destination has driven significant economic and population growth accompanied by recent and upcoming residential and multi-family developments.

FOR SALE DETAILS

PRICE

$10,510,000 USD

PRICE/SF

$339 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Junction

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

84

LAND DETAILS

LAND ACRES

3.07 AC

LAND SF

133,885 SF

ZONING

I-Industrial

APN/PARCEL ID

032605-9127

ASK ABOUT THIS PROPERTY

Raymond 'RJ' VaraMarcus & MillichapMore Info
206-826-5784

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

Raymond 'RJ' VaraMarcus & MillichapMore Info
206-826-5784

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