Property Listings

Kidder Mathews is pleased to present the opportunity to acquire 208th Street Station, a high-quality shopping center with immediate upside, located in rapidly growing Kent, Washington.

The property is priced well-below replacement cost and is occupied by a diverse group of essential retailers at affordable rental rates averaging $21 psf. 208th Street Station is extremely well located on a signalized corner that receives over 65k vehicles per day and is surrounded by national retailers and the newly opened Kent Laboratory Academy. In 2021 Kent was named one of the top 10 fastest-growing US cities in the country, growing by 44% over the last ten years with a current population of over 135k – making Kent the 6th largest city in WA State.

• 100% Occupied turnkey investment
• Affordable Rental Rates – Current average rental rate is $21 PSF, providing strong rental upside when renewing or releasing
• Pride of Ownership – The center has been extremely well-maintained, including new roofs, HVAC units, and LED lighting for lower future costs, providing a new investor the opportunity for a turn-key investment
• Strong Tenant Base – The center has been occupied by all but 3 tenants for 10+ years
• Excellent Retail Location - Located at the signalized corner of 108th/208th the center receives over 65k+ VPD and is surrounded by national retailers and the newly opened Kent Laboratory Academy
• Kent is the 6th largest city in WA State and resident population has grown by 44% within the last 10 years