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Fisheries Building at Salmon Bay in Interbay

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Fisheries Building at Salmon Bay in Interbay

4241 21st Ave W, Seattle, WA 98199
Office,High Tech-Flex For Sale Available Cap Rate 0.63% Built 1979 4 floors Zoning: MML-U/65
Asking Price
$2,500,000
Total Building22,365 SF
Available20,778 SF avail
Land11,994 SF land
Parking Total23
& Uncov.
ConstructionFramed,Wood
MarketQueen Anne/Magnolia
CountyKing

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
103517
Listing ID
683102
Type
Office
Asset Class
Office,High Tech-Flex
Zoning
MML-U/65

Description

Remodeled 4-story office building featuring 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 an owner-user to acquire an updated property with stabilized income from long-term tenants with below market rents. Flexible leases allowing a new owner to occupy a portion or all of the building. 4.6% cap rate based on current income and 62% occupancy. Actual 10%+ cap rate with 90% occupancy. Please don't disturb current tenants.

Listing Courtesy of:

LH
Lauren Hendricks
Windermere-Midtown Commercial
1920 NORTH 34TH STREET,
SEATTLE, WA 98103
State: WA City: Seattle ZIP: 98199 Type: For Sale

Commercial Listings
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.