12525-12543 Totem Lake Blvd NE | Kirkland, WA 98034
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- LoopNet Team
12525-12543 Totem Lake Blvd NE
Kirkland, WA 98034
Totem Station · Retail Property For Sale
Investment Highlights
- The Center is 100% leased, which is a testament to the quality and location
- Totem Lake Station’s rents are approximately 25% lower than neighboring shop tenant rents, providing stability and future rental upside
- Kirkland currently has a 99% retail occupancy rate
- Mercurys Coffee, InsureOne Insurance, Mattress Depot, and I Spa contain 3% annual increases and GameStop has a 10% increase in 5 years
- Mercurys Coffee and GameStop each executed new 10-year leases providing credit, term, and draw to the Center
PROPERTY FACTS
Property Type
Retail
Property Subtype
Retail
Building Size
8,000 SF
Building Class
B
Year Built
1985
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.06 AC
Zoning
TL 2
Parking
24 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
237 ft on Totem Lake Blvd
Amenities
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,933,417 | |
| Land Assessment | $3,793,826 | Total Assessment | $7,727,244 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,793,826
Improvements Assessment
$3,933,417
Total Assessment
$7,727,244
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