OFFERING MEMORANDUM LAKEWOOD COLONIAL CENTER E • A • S • T LAKEWOOD COLONIAL CENTER EAST • 9522-9528 BRIDGEPORT WAY SW, LAKEWOOD, WA 98499 Investment Contacts Scott Clements 206.445.7664 LAKEWOOD
[email protected] COLONIAL David Butler CENTER 206.445.7665
[email protected] E • A • S • T 1218 Third Avenue Table of Contents Suite 2200 Seattle, WA 98101 Investment Summary .............................3 www.orioncp.com Property Overview ..................................5 Tenant Profiles ........................................11 Market Overview ....................................13 Detailed Financial Information Available by Request LAKEWOOD COLONIAL CENTER EAST • OFFERING MEMORANDUM • 2 Investment Summary • PRICE .....................................$10,375,000 • ADDRESS ........................................ 9522-9528 • OCCUPANCY ............................................. 94% Bridgeport Way SW, • CAP RATE ............................................. 6.5% Lakewood, WA 98499 • YEAR BUILT/REMODEL ..............1955/1988/2018 • PRICE PER SF ...................................... $301.00 • NAME ............... Lakewood Colonial Center East • PARKING ...................... 192 Spaces; 5.6/1,000 SF • PRICE PER SF LAND ...............................$70.70 • LEASEABLE SF .................................34,465 SF • LAND SIZE ....................................... 146,797 SF LAKEWOOD COLONIAL CENTER EAST • OFFERING MEMORANDUM • 3 Investment Summary • EXECUTIVE SUMMARY ORION Commercial Partners is pleased to offer for sale Lakewood