1102 15Th StAuburn, WA 98001

Property Details for 1102 15Th St

Year built

1991

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

11.94 AC

Property size (Sq ft)

149,268 SF

Zone code

C3

Property type

Office properties

Property subtype

Office buildings

APN

030150-0120

APU

301500120

Description

This exceptional Auburn, WA office property, Auburn Corporate Center - Building I, offers 149,268 square feet of prime commercial space. Located at 1102 15th St SW, 98001, this Class B building, constructed in 1991, boasts a convenient location with immediate access to major highways (Hwy-18 and Hwy-167), and a short 5-minute drive to I-5. The property sits on 11.94 acres of land (APN: 030150-0120) and is zoned M1, Auburn. Currently, one large suite of 25,683 square feet is available for lease. The building features abundant natural light thanks to large windows throughout. Tenants enjoy the convenience of a metro transit stop directly in front of the building, ample free parking (5.0/1,000 PSF), and proximity to SeaTac Airport (15 minutes away). Its strategic location places it across the street from The Outlet Collection Seattle and within walking distance of various restaurants. The property also benefits from state-of-the-art telecommunication access, including on-site fiber. This multi-tenant building presents a fantastic opportunity for businesses seeking a well-located, amenity-rich office space in a thriving area. The property is suitable for both executive office and traditional office uses.

• CAP approach

  CAP return

  Valuation

  6%

  $40,392,288

  6.5%

  $37,285,188

  7%

  $34,621,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $40,028,296

  Geo Method

  $28,746,032

• Alternative Use

  Use

  Valuation

  Residential

  $46,233,636

  Hospitality

  $42,349,760

  Educational

  $35,234,504

  Medical

  $36,446,272

  Retail

  $54,809,228

Location Insight

City

Auburn

County

King

State

Washington

Latitude

47.2948

Longitude

-122.246

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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