6000 Southcenter BlvdTukwila, WA 98188

Property Details for 6000 Southcenter Blvd

Year built

1980

Construction

WOOD

Lot size

0.37 AC

Property size (Sq ft)

15,815 SF

Zone code

O

Property type

Office properties

Property subtype

Office buildings

APN

359700-0220

APU

3597000220

Description

This exceptional 7,646 square foot Class B office building, located at 6000 Southcenter Blvd in Tukwila, Washington, presents a compelling owner-user opportunity. Priced at $1,825,000, this multi-tenant property boasts a strong pro-forma NOI of $118,726 and a 6.51% pro-forma cap rate, representing a significant return on investment. Situated on a 0.37-acre lot, the building enjoys a prime location near Interstates 5 and 405, offering convenient access to major transportation arteries. Currently, 33% of the rentable space is occupied by eight tenants, generating consistent income. The remaining space provides a substantial opportunity for the new owner to occupy or lease, maximizing the property's potential. The elevated position above Southcenter Ave ensures a tranquil work environment, distinct from the bustling activity below. This is an ideal investment for those seeking a blend of immediate income and future growth potential in a thriving King County location. The building's 7,646 square feet are priced at $238.69 per square foot. The property's zip code is 98188.

• CAP approach

  CAP return

  Valuation

  6%

  $4,279,578

  6.5%

  $3,950,380

  7%

  $3,668,210

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,241,013

  Geo Method

  $3,045,653

• Alternative Use

  Use

  Valuation

  Residential

  $4,898,470

  Hospitality

  $4,486,973

  Educational

  $3,733,109

  Medical

  $3,861,496

  Retail

  $5,807,058

Location Insight

City

Tukwila

County

King

State

Washington

Latitude

47.4635

Longitude

-122.258

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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