$1,950,000 USD
206-747-5657
HIGHLIGHTS
- VALUE-ADD LEASES WITH NEAR-TERM FLEXIBILITY – The center features gross leases averaging below $11/SF—well below market—with a short WALT of 0.8 years
- ATTRACTIVE PRICE POINT – Offered at just $100/SF, the property presents a compelling basis for investors seeking affordability
- POSITIONED BETWEEN TWO GROWING NEIGHBORHOODS – Located between Normandy and Murray Hill, two areas experiencing residential reinvestment
- SURROUNDED BY NATIONAL RETAILERS – One block from Normandy Village Mall and near brands like Wawa, Taco Bell, Wendy’s, and Sherwin-Williams
- REDEVELOPMENT OR SINGLE-TENANT REUSE POTENTIAL – The property’s layout and short lease terms make it ideal for future redevelopment into single-tenant
- PRIME LOCATION & VISIBILITY – Located just blocks from I-10 (125,000 VPD) with direct access via Exit 358
FOR SALE DETAILS
PRICE
$1,950,000 USD
PRICE/SF
$100 USD /SF
CAP RATE
5.26%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1954
SPRINKLERS
-
PARKING SPACES
38
LAND DETAILS
LAND ACRES
1.16 AC
LAND SF
50,530 SF
ZONING
CCG-2
APN/PARCEL ID
059847-0000,059848-0000
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206-747-5657
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206-747-5657
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