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5416 Shilshole Ave NW 6,392 SF 100% Leased Industrial Building Seattle, WA 98107 $1,895,000 ($296.46/SF)
Executive Summary
LOCATION HIGHLIGHTS
• Central location in Ballard offering excellent demographics
• Proximity to marina for specialized future uses
• Established separate entrances on each side of building
• Ballard’s small industrial building inventory boasts less than 3% vacancy, historically outperforming the regional market in both occupancy and rental rate.
Asking Price: $1,895,000
Potential 18.78% IRR on a 5-year Holding Period
• Central location in Ballard offering excellent demographics
• Proximity to marina for specialized future uses
• Established separate entrances on each side of building
• Ballard’s small industrial building inventory boasts less than 3% vacancy, historically outperforming the regional market in both occupancy and rental rate.
Asking Price: $1,895,000
Potential 18.78% IRR on a 5-year Holding Period
Property Facts
| Price | $1,895,000 | Lot Size | 0.11 AC |
| Price Per SF | $296.46 | Rentable Building Area | 6,392 SF |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1933 |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | ||
| Zoning | MML U/65 | ||
| Price | $1,895,000 |
| Price Per SF | $296.46 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.11 AC |
| Rentable Building Area | 6,392 SF |
| No. Stories | 2 |
| Year Built | 1933 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | MML U/65 |
Amenities
- Bus Line
- Signage
- Yard
- Storage Space
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 276770-2760 | Improvements Assessment | $238,400 |
| Land Assessment | $790,500 | Total Assessment | $1,028,900 |
Property Taxes
Parcel Number
276770-2760
Land Assessment
$790,500
Improvements Assessment
$238,400
Total Assessment
$1,028,900
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