Ignite FB Tracking Pixel6528 Capitol Boulevard Se, Tumwater, WA 98501 - Anna-Lisa Schorn
Van Dorm Realty, Inc.
Anna-Lisa Schorn, Van Dorm Realty, Inc.Phone: (360) 701-9239
Email: [email protected]

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listing
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Listing Provided Courtesy of Kidder Mathews
CommercialFor Sale
$1,525,000
6528 Capitol Boulevard Se
Tumwater, WA 98501
Listing Provided by: NWMLS
Est. Mortgage
$7,972/mo

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.

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