1518 3rd Ave | Seattle, WA 98101
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- LoopNet Team
1518 3rd Ave
Seattle, WA 98101
Gibraltar Tower · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Register Here: https://rimarketplace.com/auction/1770?utm_source=costar&utm_medium=listing&utm_campaign=office_1770
- AMENITY RICH LOCATION Perfect Transit Score of 100, Gibraltar Tower is ideally situated in a prime transportation axis.
- OWNER-USER POTENTIAL Five floors of high caliber office space immediately available for occupancy
- HIGH DEMAND MARKET Available well below replacement cost, and located in a major market with traditionally high barriers to entry.
- MAJOR EMPLOYMENT DRIVERS Amazon, Apple, Nordstrom, Children’s Hospital, Oracle, Uber Twitter, Zillow, Indeed, Qualtrics, Lane Powell, etc.
- VALUE-ADD: Perfect for opportunistic investors to execute on minor office renovation and re-leasing, conversion of the existing structure
PROPERTY FACTS
Property Type
Office
Building Size
41,705 SF
Building Class
B
Year Built/Renovated
1910/1978
Percent Leased
31%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
5,213 SF
Slab To Slab
12’
Building FAR
5.98
Lot Size
0.16 AC
Zoning
DRC 85150, Seattle - Downtown (Urban Center)
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 197570-0380 | Improvements Assessment | $2,648,000 |
| Land Assessment | $8,352,000 | Total Assessment | $11,000,000 |
PROPERTY TAXES
Parcel Number
197570-0380
Land Assessment
$8,352,000
Improvements Assessment
$2,648,000
Total Assessment
$11,000,000
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