Ellingson Crossing 4017 A St SE Local commercial 1 419 m² 100 % Loué À vendre Auburn, WA 98002 7 254 225 € (5 113,54 €/m²) Taux de capitalisation 5,50 %

The Offering presents an opportunity to acquire a multi-tenant retail property anchored by a Starbucks Drive Thru. Built in 2007, the Property is the newest construction retail asset currently on the market in the Auburn/Kent Valley region, as of March 2025. The majority of the 11 leases include annual 3% rent increases. The Center has an average tenant occupancy of 11 years, including a brand-new 10-year lease with Wingstop. 17% of the GLA has leases expiring within the next 12 months, which are 10% below the
property’s average, providing an additional opportunity to push rents in a market with a 2.3% vacancy rate. Staggered lease expirations further minimize vacancy and rollover risk.
The Property is located at the signalized corner of A Street and Ellingson Road, which sees over 30,000 vehicles per day. It is adjacent to White River Junction, a Safeway-anchored center and the only grocery store within a 2-mile radius. The Property resides within the greater Auburn/Kent Valley Industrial District, the 2nd largest industrial district on the West Coast. The district supports over 50,000 manufacturing jobs, many within the Aerospace subsector. Boeing and Blue Origin combine for over 15,000 employees alone. Other major corporate distribution and employment centers include Safeway, Starbucks, and Amazon.
The Property is occupied by a mix of service-oriented credit tenants such as Wingstop, Dominos, and other regional tenants. Regional tenants include a chiropractor, nail salon, and spa. The Property has seen a 10% year-over-year increase in customer visits, bringing the total number of visits in the last 12 months to over 360,000. (Placer.Ai)