KarMart Portfolio

5 Dealerships Located Along Interstate-5

Four automobile dealerships located in Burlington and one RV dealership located in Mount Vernon.  All of the properties have Interstate-5 frontage and visibility and good freeway access near freeway interchanges.  Retail Value of each dealership is addressed, as well as Bulk Value of the portfolio.

Burlington & Mt. Vernon

Burlington Automall

54,162 sf GBA
19.5-acre total site area includes
excess land

For Key Bank

Ponderosa Nissan

Dealership Located Along SR-17

Automotive dealership located near a freeway interchange in Moses Lake.  The building is of steel frame and masonry construction, and was completed in December 2006.  Appraised using all three approaches to valuation.

Moses Lake

Growing East interchange area

10,152 sf
1.8-acre site

For JP Morgan Chase

Renton Motorcycles & Downtown Harley Davidson

Renton & Downtown

Property is operating as Renton Motorcycles, which includes sales, service, and a café.  The south end of the existing building was recently renovated, including service center build-out and storage mezzanine space build-out.  These renovations are complete.  The new Harley Davidson facility is nearing construction completion.

Existing RMC Building

159,634 sf

Under Construction Harley Building

40,896 sf

 

Appraised As Is and At Completion for Key Bank