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8534 S Tacoma Way
Lakewood, WA 98499
Local commercial Bien À vendre
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Value-Added Center - 5.7% Cap Rate on in place income at 77% occupancy and 7.27% Cap Rate on proforma income at 97% occupied
- Internet-Resistant Tenancy – Foods and Service tenants provide durable, needs based demand
- Established Retail Corridor – Surrounded by strong national retailers and dense and dense residential neighborhoods.
- Lease Up Opportunity – Approximately 3,000 SF of vacancy provides immediate upside.
- Strong Regional Economy – Strong South Tacoma submarket, driven by Port of Tacoma, Joint Base Lewis-McCord and the manufacturing and tech Sectors.
- Ideal 1031 Exchange Opportunity – Seasoned tenants, stable income, with value-add upside.
Résumé analytique
Kidder Mathews is pleased to exclusively present the opportunity to acquire Royal Plaza, a two-building multi-tenant retail center in Lakewood’s Koreatown at 8510-8534 S. Tacoma Way, Lakewood, WA. The property consists of approximately 12,989-square foot retail space situated on ±1.14 acre and is currently occupied by eight seasoned tenants, with one vacant unit offering lease-up upside for an investor or potential owner-user opportunity.
The center features a stable mix of foods and service tenants, with several shop spaces currently leased below market rates. This presents a compelling value-add opportunity through the lease-up of the existing ±3,000 square foot vacancy, future rent increases, and/or strategic re-tenanting. For investors seeking stable in-place income with meaningful NOI growth potential, Royal Plaza represents a rare opportunity that balances downside protection with upside potential. Royal Plaza benefits from its proximity to Joint Base Lewis-McChord (JBLM), home of I-Corps and the 62nd Airlift Wing. JBLM is one of the largest military installations on the West Coast, supporting ±60,000 military and civilian personnel, contributing nearly $3 billion annually to the local economy, and serving over 254,000 residents in the surrounding area.
The property is surrounded by a strong roster of national and regional retailers, including H-Mart Supermarket, Pal-Do World Market, WinCo Foods, Lowe's, Safeway, Walgreens, Starbucks, McDonald’s, Wells Fargo, and Chick-fil-A. This creates a high-traffic and synergistic retail corridor. The property is strategically located and offers convenient access to key regional destinations.
Royal Plaza benefits from a dense and growing population base of more than 295,000 residents within a five-mile radius, with an average household income exceeding $99,000. This 1031 exchange-ready asset offers an attractive combination of stable cash flow, seasoned tenancy, value-add potential, and a prime location
The center features a stable mix of foods and service tenants, with several shop spaces currently leased below market rates. This presents a compelling value-add opportunity through the lease-up of the existing ±3,000 square foot vacancy, future rent increases, and/or strategic re-tenanting. For investors seeking stable in-place income with meaningful NOI growth potential, Royal Plaza represents a rare opportunity that balances downside protection with upside potential. Royal Plaza benefits from its proximity to Joint Base Lewis-McChord (JBLM), home of I-Corps and the 62nd Airlift Wing. JBLM is one of the largest military installations on the West Coast, supporting ±60,000 military and civilian personnel, contributing nearly $3 billion annually to the local economy, and serving over 254,000 residents in the surrounding area.
The property is surrounded by a strong roster of national and regional retailers, including H-Mart Supermarket, Pal-Do World Market, WinCo Foods, Lowe's, Safeway, Walgreens, Starbucks, McDonald’s, Wells Fargo, and Chick-fil-A. This creates a high-traffic and synergistic retail corridor. The property is strategically located and offers convenient access to key regional destinations.
Royal Plaza benefits from a dense and growing population base of more than 295,000 residents within a five-mile radius, with an average household income exceeding $99,000. This 1031 exchange-ready asset offers an attractive combination of stable cash flow, seasoned tenancy, value-add potential, and a prime location
Informations sur l’immeuble
Type de vente
Investissement
Type de bien
Local commercial
Surface de l’immeuble
445 m²
Classe d’immeuble
C
Année de construction/rénovation
1990/2018
Prix
3 592 502 €
Prix par m²
8 067,88 €
Occupation
Mono
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,19
Surface du lot
0,23 ha
Zonage
C2
Stationnement
32 places (71,86 places par 1 000 m² loué)
Façade
37 m sur S Tacoma Way
Caractéristiques
- Ligne d’autobus
- Enseigne sur pylône
- Signalisation
Taxes foncières
| Numéro de parcelle | 790000-0082 | Évaluation des aménagements | 1 017 992 € |
| Évaluation du terrain | 1 461 097 € | Évaluation totale | 2 479 089 € |
Taxes foncières
Numéro de parcelle
790000-0082
Évaluation du terrain
1 461 097 €
Évaluation des aménagements
1 017 992 €
Évaluation totale
2 479 089 €
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