119 Cascade Mall Dr Burlington, WA 98233 – Cross Court Plaza

119, Cascade Mall Dr, Burlington, WA  98233

For Sale

Cross Court Plaza (Status: Available) 14091000

119, Cascade Mall Dr, Burlington, WA  98233

• Planet Fitness & Dollar Tree anchored providing credit, stability, and draw to the Center• The Center has a compound annual growth rate of 4.5% over the initial 11-year hold• 72% of the Center income stream comes from nationally recognized tenants • The current vacancy of 9,159 SF provides the opportunity to increase income upon stabilization• Red Robin is a free-standing pad building on a separate parcel providing the opportunity to sell the pad individually at approximately 200 basis points below the asking cap rate on the whole center• The pricing of $201/SF is well below replacement cost providing a comfortable basis for the investor

Listing Details

Asset Class: Retail
Year Built: 1993
Building Total Square Feet: 70260
Available Lease Space Square Feet: 70260
Number of Floors: 1
Total Parking Spaces: 464
Local Zoning Information: C-1

CBA

Listing Courtesy of: Newmark

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.

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