13531 Juanita Woodinville Way NE, Kirkland, WA 98034

$2,500,000

Listing courtesy of Westlake Associates, Inc.. Selling Office: Westlake Associates, Inc..

Sold Price
$2,500,000
List Price
$2,500,000
Status
SOLD
MLS#
1398248
Closing Date
Mar 18, 2019
Days on Market
15
Annual Tax Ammount
15408

Property Description

SINGLE TENANT NNN INVESTMENT WITH IMMEDIATE 6% CAP RETURN, CLASS A MEDICAL OWNER/USER OPTION. Strong Tenant NNN leaseback in prime growing Kirkland location. Purchase this property at an immediate 6% Cap Rate with 3-5 years lease plus options. Ease of management with a tenant used to handling the property. Owner may also move in for owner/user. With an ideal location and beautiful renovation, this space would work for a number of uses.

Additional Information

Community
North Juanita
Style
60 - Comm Bldg Und 10K
Year Built
1985
# of Assigned Spaces
8
Roof
Built-Up
Tax Year
2018
Potential Terms
Cash Out
Interior Features
Heat Pump, Wall to Wall Carpet
Flooring
Vinyl, Carpet
Driving Directions
On I-405 N, take exit 22 for NE 160th St. Use left lanes to turn left onto NE 160th St/Juanita Woodinville Way NE. Turn right at NE 136th Pl, property is on the left.
Electric Expenses
6944
Other Expenses
16704
Net Operating Income
$150,400
Gross Scheduled Income
$201,717
Water/Sewer/Garbage Expenses
$8,200
Cap Rate
6.02
Total Expenses
$71,317
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