10700 174Th St Renton, WA 98055

This exceptional investment opportunity presents a two-story, Class B medical office building located at 10700 SE 174th St, Renton, WA 98055, in King County. The Valley Professional Center encompasses 14,403 square feet of net rentable space, currently boasting an 89% occupancy rate. The property is offered at an asking price of $4,100,000, representing a price per square foot of $284.66 and a projected cap rate of 6.35%. The building features a multi-tenant configuration with a NNN lease structure, providing long-term stability and predictable income streams. The property's pro-forma net operating income (NOI) is calculated at $260,478, offering a strong return on investment. The property's location in the suburban Renton market provides convenient access to major transportation routes and a thriving professional community. The existing leases present an opportunity for a buyer to benefit from below-market rates, offering potential for future rental increases and enhanced profitability. The APN is 2923059160. This property is ideal for both investors seeking a stable, high-yield asset and owner-users looking to expand their business operations.