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16001 Aurora Ave N 9,044 SF 100% Leased Office Building Shoreline, WA 98133 $4,750,000 ($525.21/SF) 6.84% Cap Rate
Investment Highlights
- Heavy Traffic Location
- 0.56 AC
- Bright, Open Interior
Executive Summary
The Andover Company, Inc. has been retained to exclusively
market Shoreline Professional Center for sale. This 2-story office
property offers a compelling investment opportunity with a longterm,
credit tenant occupying the ground floor and a vacant
second-floor suite, providing immediate upside. The building
totals 9,044 SF and combines stable in-place income with valueadd
potential through lease-up or owner-user occupancy.
Positioned along the highly visible Aurora Avenue corridor, the
asset benefits from strong exposure and convenient regional
access.
market Shoreline Professional Center for sale. This 2-story office
property offers a compelling investment opportunity with a longterm,
credit tenant occupying the ground floor and a vacant
second-floor suite, providing immediate upside. The building
totals 9,044 SF and combines stable in-place income with valueadd
potential through lease-up or owner-user occupancy.
Positioned along the highly visible Aurora Avenue corridor, the
asset benefits from strong exposure and convenient regional
access.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
9,044 SF
Building Class
B
Year Built
2004
Price
$4,750,000
Price Per SF
$525.21
Cap Rate
6.84%
NOI
$324,900
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,092 SF
Building FAR
0.37
Lot Size
0.56 AC
Zoning
MUZ
Parking
30 Spaces (3.3 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- -
- $33.50
- Triple Net
- Apr 2020
GBC International Bank began in 1976 as First Women’s Bank of California and later expanded under its current name. The bank serves business and personal customers with deposit accounts, cash management, business checking, treasury services, and lending products. GBC International Bank places particular emphasis on international trade finance, including export lending, letters of credit, and SBA-related financing for small businesses. The bank also offers digital banking tools and retail banking services as part of a broader community-focused banking platform.
- National Electrical Contractors Assoc.
- Construction
- -
- -
- Triple Net
- -
- Puget Sound Chapter
- Services
- -
- -
- -
- -
- Specialized Garage Door Repair
- Construction
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | - | $33.50 | Triple Net | Apr 2020 | |
| National Electrical Contractors Assoc. | Construction | - | - | Triple Net | - | |
| Puget Sound Chapter | Services | - | - | - | - | |
| Specialized Garage Door Repair | Construction | - | - | - | - |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,166,200 | |
| Land Assessment | $1,823,200 | Total Assessment | $2,989,400 |
Property Taxes
Parcel Numbers
Land Assessment
$1,823,200
Improvements Assessment
$1,166,200
Total Assessment
$2,989,400
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