1020 A Auburn, WA 98002

Building Details

Year Built

1979

Listing agency Kidder Mathews

Listed by Kevin G. Verger Show Phone

Source Century21northhomes

Added: Feb 17 Updated: Jul 21 at 7:27AM Checked: Jul 21 at 7:27AM

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Investment Insights

Based on property information with market context.

This mixed-use property includes second-floor office suites with an established base of tenants. The building is currently 60% occupied and is generating a 7.00% in-place cap rate, supporting immediate income from existing occupancy. The remaining space presents a lease-up pathway for potential additional revenue, or the option for an owner-user to occupy while offsetting costs with rental income from current tenants.

The property is positioned for strong visibility to 25,000+ average daily vehicles. It is also located just minutes from SR 167, with convenient access to SR 18, I-5, and I-405, supporting regional connectivity for employees and customers.

Key Highlights

• Second‑floor office layout in a mixed‑use property built in 1979
• Currently 60% occupied and producing a 7.00% in‑place cap rate
• Value‑add through lease‑up of the remaining office suites currently not occupied

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FAQs

What type of property is this?

Office units - Second-floor office layout within a mixed-use property currently 60% occupied and producing a 7.00% in-place cap rate.

Where is this office units located?

The property is located at 1020 A Auburn, WA.

What is the asking price?

The asking price for this property is $1,280,000.

What are key features of this property?

This property features: Second‑floor office layout in a mixed‑use property built in 1979; Currently 60% occupied and producing a 7.00% in‑place cap rate; Value‑add through lease‑up of the remaining office suites currently not occupied