22850 Pacific Hwy S

Estimated Monthly Payment: $4,038/mo 22850 Pacific Hwy S, Des Moines, WA 98198 MLS# 1424322 Commercial/Industrial Listing Status: Pending Feasibility

Courtesy of Providencia Real Estate Srvcs and the Northwest Multiple Listing Service (NWMLS)

 

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REMARKS:

Seize your future today! The Sea Trak Building currently produces a 4.46% cap rate. In two years, it will be 5%. If NNN costs were included it would be 5.9%. Currently, the tenant only pays rent and utilities. The PR-C Zone (Pacific Ridge Commercial) allows buildings to 85 feet east of Pacific Highway and a height of 200 feet if you can get your neighbors to join in to amass 43,560 square feet. Kent/Des Moines Station, scheduled to open nearby in 2024, will be located near Highline College.

OVERVIEW:

Commercial/Industrial
Pending Feasibility
Des Moines/Redondo
Des Moines
75-Retail
1950
0.22
9446
Brick
Torch Down
Sewer Connected

FEATURES:

Concrete Block
Commercial

FINANCIAL:

$799,999
$4,678
2018

NEIGHBORHOOD & SCHOOL INFORMATION:


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