230 - 240 Auburn Way S
Auburn WA 98002

230 & 240 Auburn Way S

230 - 240 Auburn Way S Auburn WA 98002

Listing #: 684138 | Status: Pending | Last Modified: 11/4/2024 |

For Sale
Kyle Sterling
  • Phone:(425) 586-5608
  • Email:ksterling@nai-psp.com
  • Office Name:NAI Puget Sound Properties
  • Office Phone:(253) 383-3100
  • Office Website:
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 2,325,000.0
  • $/SF$ 193.8
  • Listing StatusPending
  • Days on Market122
  • Asset ClassRetail, Office
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 7.21 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Retail Asset Class Info
  • Crane Count
  • Crane Tonnage0
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Second Road Front
  • Grade Level Door Count
  • Tennant Improvement Allowance
Associated Files
Building Information
  • Building StatusExisting
  • # of Buildings2
  • # of Floors2
  • # of Units8
  • # of Elevators0
  • A/CYes
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF12000
  • Net Rentable Area12000
  • Total Office SF12000
  • Largest Contiguous SF
  • Lot SF16117
  • Acres0.37
Property Type
  • Property TypeOffice
  • Office TypeMulti-Tenant
  • InvestmentYes
  • Building ClassC
Location
  • CountyKing
  • Vicinity
  • Location DescriptionLocated on Auburn Way S in between Burger King & car wash
  • Second Address
  • Cross Street2nd St SE
  • Market AreaAuburn
  • Tax ID #7331400630
  • Additional Parcels
  • ZoningDUC
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces36
  • Total Parking Spots36
  • Parking Ratio2.8/1000
Construction
  • Year Built1975
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeMasonry

Public Comments

100% Occupied Commercial Building 7.20% Year-1 Cap Rate Below Market Rents High Annual Rental Increases Strong Mix of Retail & Office Tenants 12,000 SF Building – Low Price Per Square Foot Sale Price: $2,325,000 ($193/sf)

Public Building Comments

There are 8 office spaces in the building - 4 ground floor and 4 on the second floor. Located in the heart of downtown Auburn, this office building is close to the Supermall, Wal-Mart, Safeway and other business amenities. Location is easily accessible fr

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