• 514 Auburn Way N, Auburn, WA 98002

For Sale

Office

For Sale

This property is available for sale
0.47
Acres
$2,000,000
Sale Price
  • Year Built
    2004
  • Total Building Size
    7,200 RSF
  • Overview

    The offering is a two-building office complex consisting of 7,200 square feet of rentable area situated on approximately 20,268 square feet of land (two tax parcels). The buildings are currently 100% occupied by two tenants. The property is located on the primary arterial of Auburn just northeast of the commercial core of downtown. This arterial provides immediate access to the dense surrounding residential communities of the cities of Auburn, Kent, Algona, Pacific, and Sumner. It also sits in close proximity to Highway 18, providing convenient access to the entire South King County and North Pierce County markets. This is an excellent investment opportunity in a rapidly growing market. The smaller building has a new 5-year lease in place with a successful local business, and the larger building is occupied by a regional medical provider offering excellent investment security. Both tenants are responsible for reimbursing the landlord for their prorated share of real estate taxes, property insurance and common area maintenance (CAM).

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Property Details

The offering is a two-building office complex consisting of 7,200 square feet of rentable area situated on approximately 20,268 square feet of land (two tax parcels). The buildings are currently 100% occupied by two tenants. The property is located on the primary arterial of Auburn just northeast of the commercial core of downtown. This arterial provides immediate access to the dense surrounding residential communities of the cities of Auburn, Kent, Algona, Pacific, and Sumner. It also sits in close proximity to Highway 18, providing convenient access to the entire South King County and North Pierce County markets. This is an excellent investment opportunity in a rapidly growing market. The smaller building has a new 5-year lease in place with a successful local business, and the larger building is occupied by a regional medical provider offering excellent investment security. Both tenants are responsible for reimbursing the landlord for their prorated share of real estate taxes, property insurance and common area maintenance (CAM).

  • Property Type
    Office
  • Submarket
  • Year Built
    2004
  • Total Building Size
    7,200RSF
  • Total Acres
    0.47
  • Number of Floors
    1
  • Number of Buildings
    1
  • Building Class
    C
  • Property ID
    1328651

Landlord's Sales Representative

  • Fletcher Farrar
    Neil Walter Company