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457 SW 152nd Street - Burien, WA

457 SW 152nd Street - Burien, WA


457 SW 152nd St, Burien, WA 98166

Rentable Bldg Area:  12,116 SF

Land Area: 14,810 SF

Pro Forma Cap Rate: 7.29%



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  • Investment Highlights

    The triple-net lease expense structure protects from the  inflationary effects on expenses.

    The current leases feature annual rental increases of 3% as an
    additional hedge against inflation.

    The vacancy rate for retail assets in the Burien submarket remains below 3%. A strong indicator of the immense demand for similar spaces.

    Kinect at Burien is the most r ecent of nearly 1,000 recently developed units within 2 blocks of this location. Representing a huge boost in population and foot traffic.

    The central core downtown location is easily accessible from SR 509 and SR 518 with an aggregate 118,000 VPD.

  • Investment Overview

    The Vara Group of Marcus & Millichap is pleased to present the
    sale offering of a strategically positioned mixed use property
    located at 457 SW 152nd St in Burien. This well maintained,
    12,810 SF retail/office combines excellent street frontage with
    a buregoining downtown core. Ideally situated in the heart of
    Burien’s bustling retail district, this property benefits from the
    increased foot traffic generated by the recently constructed
    residential units nearby. 457 Burien is the perfect opportunity for
    the savvy investor to capitalize on the increased population growth, consumer spending, and rising rents of this thriving submarket.

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