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Totem Lake Station
Price: $6,860,000
NOI: $367,028
Cap Rate: 5.35%
Building SF: 7,966 SF
Status: Under Contract
Totem Lake Station is an 8,000 SF, 100% leased retail center with an A++ location in the heart of Kirkland. The property has 2 new, 10-year lease terms and benfits from strong annual rental increases providing stable and solid NOI growth.
Totem Lake Station has unparalleled frontage and visibility on I-405 and is across the street from the Village at Totem Lake which is the premier, mixed-use development for the region.
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