Pleased to present the opportunity to acquire 7,340 SF retail building, ideally positioned for an owner-user or value-add investor. The property is currently 29% vacant, with an additional 40% occupied by BJ Paint Shop on a month to-month lease at below market rent. This provides an owner-user the opportunity to occupy up to 5,000 SF or allows a value-add investor to stabilize the property at an estimated cap rate above 8%. Current ownership has invested over $75,000 in capital improvements, including a new HVAC system for Unit B, upgraded exterior lighting, fence replacement, and extensive tenant improvements to Unit D - the currently available suite.
Listing Provided Courtesy of Kevin G. Verger, Kidder Mathews
General Information
NWM2394542
Commercial Industrial
1
DOM
0.55 acres
0
1992
Retail
Thurston
Commercial Sale
Commercial Industrial
Listing Provided Courtesy of Kevin G. Verger, Kidder Mathews
Krishna Realty data last checked: Jun 19, 2025 08:28 | Listing last modified Jun 18, 2025 18:02,
Source:
Pleased to present the opportunity to acquire 7,340 SF retail building, ideally positioned for an owner-user or value-add investor. The property is currently 29% vacant, with an additional 40% occupied by BJ Paint Shop on a month to-month lease at below market rent. This provides an owner-user the opportunity to occupy up to 5,000 SF or allows a value-add investor to stabilize the property at an estimated cap rate above 8%. Current ownership has invested over $75,000 in capital improvements, including a new HVAC system for Unit B, upgraded exterior lighting, fence replacement, and extensive tenant improvements to Unit D - the currently available suite.
