$3,500,000
( )
 $18,789 est/mo Sourced by Back At You

4241 21st Avenue , Seattle, WA 98199

Seattle, WA 98199

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Description

96% leased remodeled office building with ample off-street parking. This 4-story office building features a secured lobby entrance, 23+ off-street parking spaces, building conference room, shower facility, hospital grade HEPA filtration system and incredible views of the Ship Canal and Fisherman's Terminal from every floor. Great location close to Vertical World Climbing Gym, Discovery Park, and many great restaurants and breweries. This is an excellent opportunity for an investor or owner-user to acquire an updated property with stabilized income from long-term tenants. The current cap rate w/ in-place below market rent is 5.30%. Cap rate increases to over 8% once 3 small available suites are leased. Please don't disturb current tenants.

Details

MLS#2240758
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Year1979
Days On Site145
Listing Provided ByWindermere Real Estate Midtown | Lauren Hendricks

Features

Units4
Acreage0.28

Market Activity 98199

 The three trees icon appears on listings courtesy of NWMLS.

 Listings courtesy of NWMLS as distributed by MLS GRID.

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Listings Checked: 5 minutes ago
StateWA
CountyKing
CitySeattle
Zip Code98199
Area700 Queen Anne | Magnolia
Community NameMagnolia
Listing VS Median (in Magnolia)
Price:
$3,500,000
low | high
Med:
$1,199,950
100% of Average
On Site:
145
low | high
Med:
16.000000
100% of Average
Sourced by Back At You
Listing Updated: October 23, 2024 at 3:52:34 PM PDT