LakeAire Apartments (Status: Pending)

5314, San Francisco Ave, Lakewood, WA  98499

Strategically located in an Opportunity Zone near I-5, SR 512, and a variety of amenities, the LakeAire Apartments is a light value-add multifamily opportunity in Lakewood, WA. Lakewood has experienced significant rental rate increases in recent history as Pierce County has rapidly grown. The LakeAire Apartments, priced at $74,000 per unit and a current 6.3% cap, will not only benefit from Lakewood and Pierce County’s expected economic and population growth, but also from district-wide investments that are anticipated as a result of the new Opportunity Zone program.

Listing Details

Asset Class: Multi-Family
Year Built: 1977
Building Total Square Feet: 12450
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information: MF2

CBA

Listing Courtesy of: Kidder Mathews

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. DBA North Sound Commercial and should be verified by the buyer.

Location

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