Benson Business Park

Investment Overview

NAI Puget Sound Properties is pleased to exclusively offer for sale the Benson Business Park at 25012–25022 104th Avenue SE in Kent, Washington. The property contains approximately 22,387 square feet of rentable building area on approximately 67,082 square feet (1.54 acres) of land and is currently approximately 95.7% occupied. The tenant mix is anchored by medical, dental, rehabilitation and service-oriented users, including ATI Physical Therapy, Rewards Dental, Light Dental Studios and Vitality Spine and Rehab. The combination of diversified tenancy, in-place NNN reimbursements, strong visibility along the 104th Avenue SE corridor and only one small vacant suite provides investors with stabilized day-one cash flow plus near-term lease-up upside.

Investment Highlights

• 22,387 SF Multi-Tenant Business Park on 1.54 AC Lot
• Diverse Tenant Roster Featuring Medical, Dental, Physical Therapy, Wellness and Other Service-Based Users
• Highly Stabilized – 95.7% Occupied with Diversified In-Place Cash Flow
• Attractive 7.34% Current Cap Rate
• High-Profile East Hill Location with Strong Visibility, Signage, and Ample On-Site Parking
• Immediate Upside Through Lease-Up of the Only Vacant Suite
• Price: $5,950,000