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11427-11433 Rainier Ave S 6,440 SF Retail Building Seattle, WA 98178 $2,095,000 ($325.31/SF) 7.16% Cap Rate
Executive Summary
Fully Stabilized, Turnkey Asset
100% Occupancy Across All Seven Units — 4 Retail + 3 Apartment Units
All Tenants Have Recently Signed New Leases or Renewed
Brand New 5-Year NNN Lease on the Corner Restaurant Space
Attractive Current Cap Rate of 7.16%
Full Renovation in 2020 – Remodeled Every Unit, New Roof, HVAC, Lighting, Etc.
6,440 SF Building with Excellent Frontage along Rainier Ave South
Price: $2,095,000
100% Occupancy Across All Seven Units — 4 Retail + 3 Apartment Units
All Tenants Have Recently Signed New Leases or Renewed
Brand New 5-Year NNN Lease on the Corner Restaurant Space
Attractive Current Cap Rate of 7.16%
Full Renovation in 2020 – Remodeled Every Unit, New Roof, HVAC, Lighting, Etc.
6,440 SF Building with Excellent Frontage along Rainier Ave South
Price: $2,095,000
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,440 SF
Building Class
B
Year Built
1946
Price
$2,095,000
Price Per SF
$325.31
Cap Rate
7.16%
NOI
$150,002
Tenancy
Single
Building Height
2 Stories
Building FAR
1.13
Lot Size
0.13 AC
Zoning
NB
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 037200-0115 | Improvements Assessment | $1,084,800 |
| Land Assessment | $145,300 | Total Assessment | $1,230,100 |
Property Taxes
Parcel Number
037200-0115
Land Assessment
$145,300
Improvements Assessment
$1,084,800
Total Assessment
$1,230,100
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11427-11433 Rainier Ave S
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