LISTING DETAILS

512 Strander Blvd

512 Strander Boulevard Tukwila WA 98188

Listing #: 680745 | Status: Available | Last Modified: 8/13/2024

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Retail Asset Class Info
Crane Tonnage	0

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	1
# of Units	0
Total Building SF	20,000 SF
Net Rentable Area	18,900 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	30,056 SF
Acres	0.69
Year Built	1969
Year Renovated	2014
Construction Type	Masonry

Property Type
Property Type	Retail

Location
County	King
Market Area	Not Assigned
Tax ID #	0223200041
Zoning	TUC-TOD

Parking Information
#Covered Spaces	0
# Uncovered Spaces	39
Total Parking Spots	39

Foss Audio

Public Comments

We have been exclusively selected to market for sale Foss Audio, a prime location opportunity featuring a short-term lease with below market rent and a fair market rent option. The Tenant is currently paying just $10.74/SF + NNN with market rents achievable in the $19-$22/SF + NNN range. The Tenant’s option in 3 years is at Fair Market Rent (FMR), allowing an investor near-term upside above a 7% cap rate by simply increasing rent to market. The Property is zoned TUC-TOD (Tukwila Urban Center - Transit Oriented Development) which permits numerous commercial uses including retail, office, hospitality, multifamily, senior housing, government, education, and transportation uses. If the tenant were to leave at the end of its lease term and option term, a new owner would be able to backfill the

512 Strander Blvd
512 Strander Boulevard Tukwila WA 98188

Listing #: 680745 | Status: Available | Listing Date: 4/29/2024 | Last Modified: 8/13/2024 | Email Listing

For Sale

512 Strander Blvd

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