2801 Alaskan Way | Seattle, WA 98121
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- LoopNet Team
2801 Alaskan Way
Seattle, WA 98121
Pier 70 · Office Property For Sale
INVESTMENT HIGHLIGHTS
- The immediate trade area contains severe barriers to entry as Seattle's Waterfront District is nearly impossible to penetrate
- The site has a dedicated parking garage containing 116 parking stalls with direct access off Alaskan Way
- The offering provides upside through leasing approximately 70,000 SF of vacancy creating strong leasing upside for the new investor
- The asset benefits from a unique mix of retail and office tenants that have been highly successful at this location
- The contracted rental increases and significant leasing upside provide out-sized value-add returns
PROPERTY FACTS
Property Type
Office
Building Size
107,389 SF
Building Class
A
Year Built/Renovated
1902/2000
Percent Leased
68%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
35,796 SF
Building FAR
0.97
Lot Size
2.53 AC
Zoning
DH-1
Parking
286 Spaces (2.66 Spaces per 1,000 SF Leased)
AMENITIES
- Food Court
- Property Manager on Site
- Signage
- Waterfront
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $27,445,800 | |
| Land Assessment | $9,794,600 | Total Assessment | $37,240,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$9,794,600
Improvements Assessment
$27,445,800
Total Assessment
$37,240,400
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