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Mixed-Use

Town Centre Village

10240 Bridgeport Way SW, Lakewood, WA 98499

Listing Price: Request For Offer

Number of Units
37
Occupancy
95.0%
Gross SF
47,354

Investment Overview

Town Centre Village is a charming 37-unit community located in the heart of Lakewood, Washington. Built in 2005, Town Centre Village offers its residents a mix of one and two-bedroom apartments, along with the option of a three-bedroom/two-bathroom or a three-bedroom/three-bathroom unit. With the average square footage of a unit totaling 931 square feet, residents have the opportunity to live in spacious floor plans with select units including an in-unit washer & dryer. Each floor plan also includes its own private balcony with views of the delightful community that is Lakewood. Residents will also have exclusive access to amenities at Town Centre Village including available storage units and on-site laundry facilities. Main floor is comprised of 15,000 square feet of commercial units currently fully occupied. Town Center Village is located a convenient 0.2 miles away from Lakewood Town Center which includes amazing retail tenants such as Bed Bath & Beyond, Lowe’s, Barnes & Noble, and Target. Along with an AMC theater being located inside the center. The center also offers an ample number of country-renowned restaurants and food services such as Chipotle, Starbucks, Five Guys, Chick-fil-a, and Applebee’s. With five parks all within a 3-mile radius, Town Centre Village is an extremely walkable neighborhood that gives its residents the opportunity to partake in an assortment of outdoor activities. The Lakewood neighborhood features strong demographics and a robust economy to go along with its appeal. With a current population of 59,600, and a $50,175 median household income that is increasing at 5.33% each year, Lakewood is a competitive market that has only seen gross rents trending upwards. Town Center Village truly offers a unique opportunity for an owner to invest in a value-add asset and achieve a significant increase in rents immediately upon ownership.

Investment Highlights

  • Excellent location close to Lakewood Town Centre and the Tacoma Mall
  • 2005 construction with value-add upside
  • Strong Pierce County employment location

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
37
Occupancy
95.0%
Gross SF
47,354

Investment Highlights

  • Excellent location close to Lakewood Town Centre and the Tacoma Mall
  • 2005 construction with value-add upside
  • Strong Pierce County employment location

Investment Overview

Town Centre Village is a charming 37-unit community located in the heart of Lakewood, Washington. Built in 2005, Town Centre Village offers its residents a mix of one and two-bedroom apartments, along with the option of a three-bedroom/two-bathroom or a three-bedroom/three-bathroom unit. With the average square footage of a unit totaling 931 square feet, residents have the opportunity to live in spacious floor plans with select units including an in-unit washer & dryer. Each floor plan also includes its own private balcony with views of the delightful community that is Lakewood. Residents will also have exclusive access to amenities at Town Centre Village including available storage units and on-site laundry facilities. Main floor is comprised of 15,000 square feet of commercial units currently fully occupied. Town Center Village is located a convenient 0.2 miles away from Lakewood Town Center which includes amazing retail tenants such as Bed Bath & Beyond, Lowe’s, Barnes & Noble, and Target. Along with an AMC theater being located inside the center. The center also offers an ample number of country-renowned restaurants and food services such as Chipotle, Starbucks, Five Guys, Chick-fil-a, and Applebee’s. With five parks all within a 3-mile radius, Town Centre Village is an extremely walkable neighborhood that gives its residents the opportunity to partake in an assortment of outdoor activities. The Lakewood neighborhood features strong demographics and a robust economy to go along with its appeal. With a current population of 59,600, and a $50,175 median household income that is increasing at 5.33% each year, Lakewood is a competitive market that has only seen gross rents trending upwards. Town Center Village truly offers a unique opportunity for an owner to invest in a value-add asset and achieve a significant increase in rents immediately upon ownership.

Exclusively Listed By

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