731 N Columbia Center Blvd - Storefront FOR SALE


Kennewick, WA 99336
$15,750,000 USD
206-948-4670
731 N Columbia Center Blvd, Kennewick, WA for Sale
$15,750,000 USD
Storefront - FOR SALE
1/8
null | 6.36% Cap Rate

731 N Columbia Center Blvd
Kennewick, WA 99336


OVERVIEW

Columbia Summit Center offers investors a rare opportunity to acquire a 100% leased neighborhood shopping center in the primary retail corridor of the Tri Cities. The center is anchored by Planet Fitness and boasts a mixture of national and strong local long term tenant, approximately 76% of which have occupied space in the property for ten years or more. The offering features a stable and diversified tenant roster in a property that has seen capital improvements including new roof, parking lot seal coating, exterior paint and new LED exterior lighting.

FOR SALE DETAILS

PRICE

$15,750,000 USD

PRICE/SF

$177 USD /SF

CAP RATE

6.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Columbia Summit Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

4.8 AC

LAND SF

209,088 SF

ZONING

CR

APN/PARCEL ID

131994000005000

ASK ABOUT THIS PROPERTY

Aaron MathieuLee & Associates Commercial Real Estate ServicesMore Info
206-948-4670

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Aaron MathieuLee & Associates Commercial Real Estate ServicesMore Info
206-948-4670

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