National Credit Veterinary Office for Sale at 22014 7th Avenue South
$4,000,000
22014 7th Avenue South, Des Moines, WA 98198
11,590 SF
Square Feet
$345
PPSF
7
Units
500.0K
PPU
7.13%
CAP
Property Description
Units
7 — PPU: 500.0K
NOI
$285,179
Cap Rate
7.13%
- National credit veterinary tenant backed by private equity, located in the Greater Puget Sound region
- 7.13% cap rate with 9 years of remaining term on the anchor lease
- Located 15 miles south of Downtown Seattle
- Value-add potential through lease-up of vacant space and rent growth on smaller office tenants
Property Details
Asset Type
Office
Year Built
1982
Zoning
D-C
Lot Size
21,000 SF
Neighborhood
Des Moines
Submarket
Des Moines
ZIP
98198
Listing Type
sale
Net Operating Income (NOI)
$452,437
Debt Service Coverage Ratio (DSCR)
1.99x
Cap Rate
11.31%
Cash Flow (Annual)
$224,892
Cash-on-Cash Return
22.49%
Monthly Debt Service
$18,962
Annual Debt Service
$227,544
View on Map
Address
22014 7th Avenue South
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Des Moines Office Market Snapshot
Boundary boundary · Office · Sale
No investors found in this market.
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