Kent Business Campus | Business Park w/ 3.54%… — Sale in Kent, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Kent, WA 98032
  • Year built: 1986

Photos

Kent Business Campus | Business Park w/ 3.54%… — Sale in Kent, WA, photo 1 of 2
Kent Business Campus | Business Park w/ 3.54%… — Sale in Kent, WA, photo 2 of 2

Investment Figures

Cap rate
5.66%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap has been selected to exclusively market for sale Kent Business Campus, an 87% occupied business park in the heart of the Kent Valley in Kent, WA. The property is leased to 28 diverse tenants, with ~69% of GLA occupied by 5+ year tenured tenants. Most leases feature annual rent increases. Market rent is achievable in the $19–$24+/SF NNN range, and ~42% of the GLA is leased to tenants paying rent below $19/SF NNN, providing clear upside. There is an attractive assumable loan at ~47% LTV ($13M balance) fixed at 3.543% interest-only through February 2032, delivering a Year 1 cash-on-cash return of 7.50%. Positioned near a signalized intersection with 52,500+ VPD, directly north of Kent Station, a 470,000 SF urban village, and less than a half-mile from SR-167 (110,000+ VPD), the property offers strong visibility and regional connectivity. The property sits within Kent Valley, home to 12,000+ companies and 232,000 jobs across numerous sectors, driving $45.4B in direct statewide economic impact. Within five miles, the property serves 277,000+ residents with average household incomes exceeding $116,000. Investment Highlights: • 87% Occupied Business Park w/ Diverse Tenant Mix • Attractive Assumable Financing Available | 7.50% Cash-on-Cash Return • Below-Market Rents w/ Significant Mark-to-Market Upside • Attractive Annual Rent Increases • Strategic, High-Traffic Location | 52,500+ VPD • Anchored in Kent Valley, a Top Industrial and Employment Hub • Strong Historical Occupancy • Dense, Affluent Demographics

Market Context

This mixed use in Kent, WA is listed for sale. It is offered at an approximate 5.7% capitalization rate, a key benchmark for income-producing mixed use assets. The building dates to 1986. Compare it against other mixed use listings for sale in Kent, WA — view the full market.

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