Property Details

Robert Burns
Investments
Cell Phone: (425) 949-4000
Office Phone: (425) 949-4000
Email: robertburns@ConnectRealty.com
Listing # 29135826
Price: $975,000
Address
5621 196th St SW 1
City Name:
Lynnwood
State:
WASHINGTON
Zip:
98036
Area:
730
County Name:
Snohomish
Neighborhood:
Lynnwood
This is a clean single tenant investment. Tenant (Susumu Japanese Steakhouse & Sushi Bar) has approx. 3 years left on their lease. They have a 5 year option. Tenant pays $6400.00 per month now and it will increase to $6600.00 in Nov. 2010. This is a condo. It is the portion of the building that has Susumu Japanese Steakhouse only, not the hotel. There is adequate parking for current use.
Additional Features:
Building Sq Ft: 6428
Cap Rate: 7
Gross Scheduled Income: 76800
Potential Terms: Cash Out
Year: 1970
Property Map
Listing Courtesy of Connect Realty.com, Inc
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