Sunset Town Place | 632 Sunset Park Dr
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Sunset Town Place 632 Sunset Park Dr
12,204 SF 100% Leased Retail Building Sedro Woolley, WA 98284 $2,774,243 CAD ($227 CAD/SF) 7.37% Cap Rate
Investment Highlights
- Occupied and surrounded by well established businesses
- Shared parking lot and high traffic area
Executive Summary
The commercial property consists of several businesses, including a well-established fitness center, and presents a promising investment opportunity. The parking lot is also shared with another building with a variety of different businesses. The property is located in a highly visible and easily accessible area with significant vehicle traffic.The fitness center is equipped with modern facilities, offering various workout equipment, fitness classes, and personal training services, making it a popular destination for fitness enthusiasts. The fitness center also has a strong reputation in the community with a loyal customer base, ensuring a steady flow of revenue. The diversity of the other businesses present within the property and their potential for profitability make it an attractive investment option for those seeking to invest in commercial properties.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,204 SF
Building Class
B
Year Built
2001
Price
$2,774,243 CAD
Price Per SF
$227 CAD
Cap Rate
7.37%
NOI
$204,462 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Land Acres
0.75 AC
Zoning
General Retail, Skagit
Parking
42 Spaces (3.44 Spaces per 1,000 SF Leased)
Frontage
110 ft on Sunset Park Dr
PROPERTY TAXES
Parcel Number | P105306 | Improvements Assessment | $2,753,939 CAD |
Land Assessment | $474,663 CAD | Total Assessment | $3,228,602 CAD |
PROPERTY TAXES
Parcel Number
P105306
Land Assessment
$474,663 CAD
Improvements Assessment
$2,753,939 CAD
Total Assessment
$3,228,602 CAD
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Sunset Town Place | 632 Sunset Park Dr
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