Property Details

1020 A St SE

Auburn, WA 98002

$1,280,000

Available

CBA# 712431 courtesy of CBA Listing firm: Kidder Mathews

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Office / Retail

Property Type

7,216

Bldg Sq Ft

Units

7.00%

Cap Rate

1979

Year Built

Property Overview

The Verger Team is pleased to present the opportunity to acquire the A Street Professional Center, located in the heart of Auburn, Washington.This asset offers investors and owner/users the rare combination of immediate cash flow, flexible occupancy, and meaningful value-add potential. The property is currently 60% occupied and generates a 7.00% in-place cap rate, providing stable income from the current tenants, creating a clear path to increased income through lease-up or direct owner occupancy.Investment Highlights:Attractive In-Place Yield – Offered at a compelling 7.00% going-in cap rate, providing immediate cash flow from established tenancy.Clear Value-Add Through Lease-Up – Currently 60% occupied, offering investors a clear path to increase income and value through lease-up of the remaining office suites.Owner-User Flexibility – Ideal for an owner-occupant seeking a professional office presence while offsetting occupancy costs through rental income from existing retail tenants.Flexible Use Potential – Second-floor office layout is well-suited for professional services, medical, or administrative users.Strong Traffic Exposure – Exceptional visibility to 25,000+ average daily vehicles, supporting retail tenant performance, enhancing signage presence, and increasing long-term leasing appeal.Excellent Regional Connectivity – Located just minutes from SR 167, providing access to SR 18, I-5, and I-405, supporting tenant accessibility, employee commuting, and long-term leasing demand.