Retail

Trails at Silverdale - 2023

11199 Pacific Crest Place, Silverdale, WA, 98383, US

Trails at Silverdale - 2023_Property for Sale

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Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire The Trails at Silverdale a 225,716 square foot, top-performing grocery-anchored shopping center located at 11065 - 11196 Pacific Crest Place in Silverdale, Washington, 17 miles west of Seattle. Developed in 2016, the property is optimally located along a main retail corridor near the junction of I-303 (34,000 VPD) and I-3 (50,000 VPD). At 99% occupied, the center boasts a strong and diverse tenant roster. Current tenants include Sprouts, Homegoods, ULTA, Total Wine and a mix of highly curated food & beverage tenants.

Attributes

Building area Net
20,970 m²
Occupancy
98.00%
Year built
2016

Investment Highlights

  • TOP TIER GROCERY ANCHORED ASSET
  • OUTSTANDING CREDIT TENANT PROFILE
  • ESTABLISHED WORKFORCE AND AFFLUENT TRADE AREA
  • DOMINANT CENTER IN SEATTLE MSA
  • HIGHLY TRAFFICKED WITH PROMINENT FREEWAY VISIBILITY
  • FAVORABLE IN-PLACE ASSUMABLE FINANCING

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Last updated
14 Feb 2023