2142 2146 W Railroad Avenue, Shelton, WA 98584

$830,000

Listing courtesy of Coldwell Banker Evergreen. Selling Office: ZNonMember-Office-MLS.

Sold Price
$830,000
List Price
$850,000
Status
SOLD
MLS#
1214932
Closing Date
May 10, 2019
Days on Market
492
Annual Tax Ammount
10880
Bank Owned
Yes

Property Description

Great investment property near Shelton's downtown city center. 1.7 Acres. WELL MAINTAINED two building office park 7.4% Cap Rate. Fully leased, building @2142, 3000sf with 2 tenants. Building #2146, 3500sf with 4 tenants. Modest rents have kept tenants in location for 10 years +. All businesses are of medial & personal services for good tenant mix. Adjacent building lots also for sale for future development. Second parcel #420241390353. Buyer to measure SF to satisfaction. Call LA for details.

Additional Information

Community
Shelton
Style
60 - Comm Bldg Und 10K
Year Built
1997
Roof
Metal
Tax Year
2017
Potential Terms
Cash Out, Owner Financing
Interior Features
Heat Pump, Wall to Wall Carpet
Flooring
Vinyl, Carpet
Driving Directions
Hwy 101 to City Center/Matlock Exit, turn right, property on left.
Electric Expenses
3500
Other Expenses
2500
Net Operating Income
$72,975
Gross Adjusted Income
$92,055
Gross Scheduled Income
$96,900
Cap Rate
7.7
Vacancy Rate
5
Total Expenses
$19,080
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