Building Wealth

Helping investors make timely commercial real estate decisions that build wealth.

Swanson King / Kidder Mathews

FEATURED LISTINGS

New Listing

Former Mercedes Benz Abbey Carpet Locations

Located on a 2.19-acre parcel at 20505 and 20515 Highway 99 in Lynnwood, Washington. Two buildings, totaling approximately 25,259 square feet, were constructed in 1978 and 1990.

Square Feet 25,259
New Price

Point Ruston Building 8 & Century Theater

Building 8 is a 10,110 SF building with 4 retail suites. The property is currently 82.2% occupied with MultiCare Indigo Urgent Care, Obee Credit Union, and Rebels & Lovers clothing store.

Price $13,200,000
CAP Rate 7.03%
Square Feet 45,925
Under Contract

Point Ruston Building 18

Building 18 is a 21,354 SF building with 9 retail suites. The property is currently 96.7% occupied with restaurant and service-based tenants including Farelli's Wood Fire Pizza, Intaglio Salon, and Ice Cream Social.

Price $8,750,000
CAP Rate 7.53%
Square Feet 21,354

LATEST POSTS

The Hottest Real Estate Play Is in Your Neighborhood

Continuing our theme from last month, the Wall Street Journal recently published an article titled The Hottest Real-Estate Play Is in Your Neighborhood. The article highlights the growing popularity of strip retail centers.

Pacific Northwest Strip Retail Remains Strong

The pandemic has profoundly impacted the commercial real estate industry, causing significant challenges across all asset classes. Retail real estate, in particular, has faced uncertainty and disruption. However, despite current lending challenges in commercial real estate, strip centers are emerging as a favored asset class. One reason is their resilience.

ICSC Takeaways

We met with many clients and industry colleagues at the ICSC shopping center convention in Las Vegas last week. Here are a few of our takeaways:

RECAP

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