Mixed-Use Building with Office
For Sale
$1,280,000
1020 A, Auburn, WA 98002
Second-floor office layout within a mixed-use property currently 60% occupied and producing a 7.00% in-place cap rate.
Property SizeContact for details
Days on Market246
Property Features for 1020 A
General Information
Standard status
Active
Property subtype
Commercial
Occupancy
60%
Site & Location
Traffic Count
25,000 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
7%
Building Details
Year Built
1979
Listing Agency:
Kidder Mathews
Listed By:
Kevin G. Verger
(253) 564-6211
Source:
Century21northhomes
Added: Jan 2
Changed: Sep 4
Last Checked: Sep 4 at 10:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews
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.
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
Property Analytics
Property Profile
Current Use
Lease Details
25,000 VPD
Traffic count
60%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
Explore this area
Business Placement
Demographics for 98002, WA
38,474
Population
15,279
Households
2.5
Avg Household Size
36
Median Age
18%
College-Educated
84%
High-School Grad
7.2 sq mi
ZIP Area
5,344
Density / Sq Mi
$77,714
Median Household Income
$44,616
Median Earnings
$1,613
Median Rent
$397,700
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
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
