Two-building, retail strip center with seven tenants and one 4,200SF vacancy located across the street from Fred Meyer and less than ½ mile from the Market Street
Interchange on Interstate 5 now for sale for the first time in 20 years. The exterior of the building was completely remodeled in 2019 to include new landscaping, façade and pylon signage.
The current income of the property provides for a capitalization rate of 6.78% using the 2024 actual operating expenses and proforma income for the vacancy. Seller is willing to consider carrying the debt and/or guaranty the income for the vacant suite at closing for qualified purchase terms.
