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22014 7th Ave S
Des Moines, WA 98198 Des Moines Beach

$4,500,000 USD

Medical For Sale  •  9,149 SF

Property Details

  • Property Type Medical
  • Total Building Size 9,149 SF
  • Lot Size 0.77 AC
  • Building Class B
  • Year Built 1982
  • Cap Rate 7.11 %
  • Tenancy Multiple
  • Zoning D-C
30 Transit Score
50 Walk Score

Highlights

EXTENDED 8+ YEAR ANCHOR LEASE
NEARLY $2M IN RECENT CAPITAL EXPENDITURES
STRONG SUBMARKET FUNDAMENTALS
SCHEDULED ANNUAL RENT ESCALATIONS
STRONG LOCAL DEMOGRAPHICS SUPPORT TENANT DEMAND
SUPPLY-CONSTRAINED SUBMARKET

Property Flyers

Cap Rate: 7.11 %

Major Tenants

Tenant SF Occupied Lease End Date
Dawson Accounting N Consulting
Des Moines Dental Associates
Marine View Physical Therapy
Naturopathic Medicine
Puget Sound Shipbuilders Association
Radio Station 9/30/2018
Reiki With Carol Longacre, Llc
Sound Investment Services
Sweet Escape Day Spa
Waterland Wellness Massage

Amenities

  • Bus Line
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Kent Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 16 min - 6.8 mi
Tukwila Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 15 min - 7.3 mi
AirportDriveWalkDistance
Seattle-Tacoma International 12 min - 5.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Covered
Included in Rent: Yes
RJ Vara 206-584-6195 Northmarq
RJ Vara 206-584-6195 Northmarq