3229 S 148th Street, SeaTac, WA 98168

$1,200,000

Listing courtesy of Coldwell Banker Bain. Selling Office: ZNonMember-Office-MLS.

Sold Price
$1,200,000
List Price
$1,225,000
Status
SOLD
MLS#
1556098
Closing Date
Aug 30, 2021
Days on Market
519
Annual Tax Ammount
11532

Property Description

Currently occupied (lease-back) as the Washington Office for International Inspections Inc. and zoned Urban High Density/residential/ business. Continuously occupied for 16 years; Remodeled for Tenant's use (office, non-destructive testing/training facility). Warehouse building has covered garage/x-ray equip. and storage. Upside zoning/land use benefits for new Buyer;Single Net(Landlord pays taxes only) lease ends 12/21/2023 with International Inspections Inc. (subsidiary ofATS Labs, Inc.).

Additional Information

Community
SeaTac
Building Condition
Good
Style
60 - Comm Bldg Und 10K
Year Built
1946
# of Assigned Spaces
10
Roof
Composition
Tax Year
2019
Potential Terms
Cash Out
Interior Features
Forced Air, Hardwood, Wall to Wall Carpet
Flooring
Hardwood, Slate, Vinyl, Carpet
Driving Directions
From S. 154th LT on Hwy 99; LT at S. 148th, 2 blocks to listing
Energy Source
Electric, Natural Gas
Net Operating Income
$75,946
Gross Scheduled Income
$92,400
Cap Rate
6.2
Total Expenses
$16,454
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