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Evergreen Bldg 18021-18023 15th Ave NE 4,872 SF 100% Leased Office Building Shoreline, WA 98155 $3,490,000 ($716.34/SF) 5.17% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy Traffic area
- Very low vacancy rate
- Class A building in Shoreline. Rare
EXECUTIVE SUMMARY
Rare opportunity 2025. It's rare we have a lease cycle to all match up for renewals. Sept through December many leases will be up for renewal. This is the perfect opportunity for power operators or developers. This was not designed and has never happened before in an always fully leased building.
Current Lease Terms:
Suite 201 Physical Therapy 8/31/25
Suite 101 Golden Bow Flowers and Gifts 10/31/30
Suite 100 Optometry 8/31/25
Suite 200 Chiropractic 12/31/27
Current Lease Terms:
Suite 201 Physical Therapy 8/31/25
Suite 101 Golden Bow Flowers and Gifts 10/31/30
Suite 100 Optometry 8/31/25
Suite 200 Chiropractic 12/31/27
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
4,872 SF
Building Class
C
Year Built
1974
Price
$3,490,000
Price Per SF
$716.34
Cap Rate
5.17%
NOI
$180,516
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,436 SF
Building FAR
0.59
Lot Size
0.19 AC
Zoning
BC, Shoreline - Commercial Business
Parking
16 Spaces (3.28 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
1 1
PROPERTY TAXES
| Parcel Number | 616390-0593 | Improvements Assessment | $510,400 |
| Land Assessment | $493,100 | Total Assessment | $1,003,500 |
PROPERTY TAXES
Parcel Number
616390-0593
Land Assessment
$493,100
Improvements Assessment
$510,400
Total Assessment
$1,003,500
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
John Tong
Evergreen Bldg | 18021-18023 15th Ave NE
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