The Offering
The Benson Business Park is located at 25012–25022 104th Avenue SE, Kent, Washington. The Property consists of three single-story retail/office buildings, constructed in 1985, containing approximately 24,411 square feet currently configured into nine separate suites ranging from 1,047 to 5,684 square feet.
- 8.01% Cap Rate
- 89% Leased
- Outstanding Yield Potential
- Limited Near-Term Capital Requirements
- Strong Submarket Fundamentals
- No In-Place Debt
- Minimal Near-Term Lease Expirations
Investment Overview
Asking Price $4,415,000
Capitalization Rate-In Place NOI 8.01%
Projected 5/10 Year Leveraged IRR 20.71% / 18.58%
Contact Us
Steve Sutherland
First Vice President
+1 425 462 6927
sr.sutherland@cbre.com
www.cbre.com
Craig Wilson
Senior Vice President
+1 425 462 6922
craig.wilson@cbre.com
www.cbre.com
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