106 Central Ave N

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106 Central Ave N

Kent, WA 98032
Asking Price
$1.40M
Asset Type
Shopping Center Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Office shopping center property measuring 2,940 square feet.
  • Located at 106 Central Ave N in Kent, Washington.
  • Current asking price for the commercial asset is $1,399,900.
  • The property features an assumable loan at 5% interest.
  • The building is currently in pre-foreclosure status.
  • Asset represents a functional space for professional or retail use.

What's Special

This 2,940 square foot office shopping center is situated at 106 Central Ave N in Kent, Washington. Positioned within a key part of the Seattle metropolitan area, the property benefits from Kent's established industrial and commercial landscape. The location provides connectivity to major regional transit routes, supporting convenient access for both clients and employees throughout the Puget Sound corridor. Given its flexible layout, the asset serves as a functional choice for professional service firms, small businesses, or local retail operations looking for a presence in this growing suburban market. The current financial structure of the property allows for a loan assumption at a 5% interest rate, providing a specific financing consideration for prospective buyers. The asset is currently in pre-foreclosure status, and the seller is accepting offers. This location offers potential for investors or business owners seeking a manageable footprint in a well-trafficked commercial node, balancing professional utility with proximity to the broader Kent business community.

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NOI
$80,000
Cap Rate
5.71%
DSCR
0.96
Underwater
Cash-on-Cash
-0.74%
Monthly Payment
$6,925.941
Annual Cash Flow
$-3,111.297

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