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13036 Lake City Way NE

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13036 Lake City Way NE

13036 Lake City Way NE, Seattle, WA 98125
Industrial For Sale Available Built 1961 1 floors Zoning: NC3-55 (M)
Asking Price
$3,250,000
Total Building8,586 SF
Available8,586 SF avail
Land22,994 SF land
MarketN. Seattle
CountyKing

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Overview

Property ID
306530
Listing ID
710414
Type
Industrial
Asset Class
Industrial
Zoning
NC3-55 (M)

Description

Seattle NNN Investment | 5.01% Cap | Long-Term Tenant | Rent GrowthSeattle NNN investment offering stable, predictable income from a long-term, recession-resistant tenant. Leased to Classic Collision through September 2031 with (3) five-year extension options, providing durability and long-term income security. Current base rent of $162,000 increases annually by 3%, growing the cap rate from 5.01% to approximately 5.81% over the initial lease term, with continued upside through the option periods. Functional multi-building auto facility positioned on high-traffic Lake City Way NE with strong visibility and excellent access to I-5, Northgate, and the University District. Zoned NC3-55 (M), allowing mixed-use redevelopment up to 55’, creating future flexibility and land value upside. Ideal

Listing Courtesy of:

JH
Jennifer Hudson
Windermere Real Estate - M2 LLC
9502 19th Ave SE, Ste. A,
Everett, WA 98208-3851
State: WA City: Seattle ZIP: 98125 Type: For Sale

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