Kent Hill Plaza

Kent Hill Plaza (Status: Available)

25610, 104th Ave, Kent, WA  98030

THE OFFERING provides the opportunity to acquire Kent Hill Plaza (“The Property”), an 80% occupied, 143K SF grocery-anchored shopping center located in Kent, Washington. The Property is anchored by Saar’s Super Saver Foods a privately owned regional grocer operating on a long term ground lease. Other tenants include JoAnn Fabrics and Kaiser Permanente as well as a dynamic mix of other local and national tenants. Current vacancies and below-market rents provide an investor the opportunity for upside with a going in cap rate of 6.80%. The Property is located adjacent to Home Depot near Canyon Ridge, a Target-anchored and institutionally owned retail center. The Offering is comprised of two parcels – a separately parceled Kaiser Permanente and a second parcel with over 12.66 acres.

Listing Details

Asset Class: Retail
Year Built: 1983
Building Total Square Feet: 143000
Available Lease Space Square Feet:
Number of Floors: 1
Total Parking Spaces: 1250
Local Zoning Information: CC

Listing Courtesy of: CPX LLC

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.