5202 100Th StLakewood, WA 98499

This exceptional investment opportunity presents a fully occupied, two-story office building totaling 5,143 square feet, situated on a spacious 23,694 square foot lot in Lakewood, Washington. The property, built in 1997, boasts a Class B rating and features four units suitable for various office uses, including creative, medical, and traditional office spaces. Currently operating at 100% occupancy, the building generates a strong net operating income (NOI) of $83,885, representing a 6.85% capitalization rate. A pro-forma NOI of $102,063 projects an impressive 8.33% cap rate, indicating significant potential for increased profitability. Key features include an elevator, sprinkler system, prominent building and street signage, ample parking, attractive landscaping, and convenient access to I-5 via 100th Street SW. The owner currently covers all utilities