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232 7th Ave 232 7th Ave N 5,040 SF 100% Leased Office Building Seattle, WA 98109 $4,495,000 ($891.87/SF)
EXECUTIVE SUMMARY
Meriwether Advisors is pleased to present the opportunity to acquire 7th and Thomas, a covered land play in a trophy location in the robust South Lake Union sub-market of Seattle. The property is located directly off of 7th Ave. and Thomas Street, west of Dexter Ave. and directly across the street from Apple’s 700,000 square foot Seattle headquarters. The property provides strong, in-place income and the opportunity for an owner/user office or retail space, as well as a future development opportunity. The property’s zoning allows for multifamily, office, retail, life-science and hospitality.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,040 SF
Building Class
B
Year Built
2016
Price
$4,495,000
Price Per SF
$891.87
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,040 SF
Building FAR
0.83
Lot Size
0.14 AC
Zoning
SM 175/85-280 - Seattle Mixed-South Lake Union 175/85-280. Flexible zoning allowing a variety of commercial and residential uses up to a potential height of 280 feet.
AMENITIES
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- 605 Thomas Partners LLC
- -
- 500 SF
- -
- -
- Bearrock Investment VI LLC
- -
- 500 SF
- -
- -
- Jeffrey Rakow
- -
- 500 SF
- -
- -
- Russell Partners LLC
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| 605 Thomas Partners LLC | - | 500 SF | - | - | ||
| Bearrock Investment VI LLC | - | 500 SF | - | - | ||
| Jeffrey Rakow | - | 500 SF | - | - | ||
| Russell Partners LLC | - | - | - | - |
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Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (94)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 199120-1000 | Improvements Assessment | $1,000 |
| Land Assessment | $6,056,200 | Total Assessment | $6,057,200 |
PROPERTY TAXES
Parcel Number
199120-1000
Land Assessment
$6,056,200
Improvements Assessment
$1,000
Total Assessment
$6,057,200
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232 7th Ave | 232 7th Ave N
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