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🏢 Just listed — Auto Shop Retail for sale in Burien, WA.

📍 16042 1st Ave S, Burien, WA
🏷  Auto Shop Retail · For Sale
💰 $11.00M

Retail | 23,850 SqFt

<ul><li>Corner location on signalized intersection at 1st Avenue South and Ambaum Boulevard South in Burien</li><li>±2.99-acre site across three parcels totaling ±130,049 SF</li><li>Fully occupied by Burien Nissan on a NNN lease with no landlord responsib

Full financials, photos, and broker contact:
https://commrty.com/property/washington/burien/seattle-area-auto-dealership-2465027-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=seattle-area-auto-dealership-2465027

#Burien #Retail #CommercialRealEstate #CRE #Investment

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Home/WA/Burien

16042 1st Ave S

Burien, WA 98148

Asking Price

$11.00M

Asset Type

Auto Shop Retail

Class

Class B

What's Special

Retail | 23,850 SqFt <ul><li>Corner location on signalized intersection at 1st Avenue South and Ambaum Boulevard South in Burien</li><li>±2.99-acre site across three parcels totaling ±130,049 SF</li><li>Fully occupied by Burien Nissan on a NNN lease with no landlord responsibilities</li><li>23,850 SF full-service dealership with 15 service bays</li></ul>

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

0.73%

DSCR

0.12

Underwater

Cash-on-Cash

-17.37%

Monthly Payment

$54,421.998

Annual Cash Flow

$-573,063.978

Location & Travel Times

Similar Properties Nearby

3.15% CAP

📍

$2.00M

Class B | Convenience Store

13450 1st Ave S, Burien, WA 98168

Listed by Owner · For Sale