View Map All Properties • Page 1 of 1 View All Sort by Price Sort Alphabetical
« Back

2505 Olympic Highway N

Main image

2505 Olympic Highway N

2505 Olympic Hwy N, Shelton, WA 98584
Retail For Sale Available Built 1975 1 floors Zoning: Commercial
Asking Price
$7,960,000
Total Building62,006 SF
Available62,006 SF avail
Land211,412 SF land
MarketMason County
CountyMason

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
306205
Listing ID
708680
Type
Retail
Asset Class
Retail
Zoning
Commercial

Description

We are pleased to present the opportunity to acquire the Gateway Center in Shelton, Washington, a 100% occupied shopping center investment anchored by Department of Social & Health Services (DSHS) and Mason General Hospital. Both tenants have occupied the property for 20+ years, providing a strong foundation ofconsistent occupancy and dependable cash flow.The average rental rate at the Gateway Center stands at an exceptionally low $13.42 psf – substantially below market averages – creating a compelling value-add opportunity through base rent increases and transitioning leases to NNN lease structures.

Listing Courtesy of:

DG
David Gellner
Kidder Mathews
999 W Main Street, Suite 100,
Boise, ID 83702
State: WA City: Shelton ZIP: 98584 Type: For Sale

Commercial Listings
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.