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610 E Pine St
Seattle, WA 98122
Retail Property For Sale
Investment Highlights
- ±4.8-Year WALT
- Foundations — Seattle’s Premier Startup Community | Sole Office Tenant | 13,074 SF Across 4 Suites Following Recent Expansion & Lease Consolidation
- Significant Mark-to-Market Upside with Near-term Lease Rollover
- Enterprise Rent-A-Car | Leased Through September 2035
- Leasing Momentum: 2 New Leases Totaling 6,043 SF Signed in the Past 12 Months
- All Tenants Have Contracted Annual Rental Increases
Executive Summary
610 E Pine offers investors a fully leased, mixed-use asset at one of the most trafficked corners in Capitol Hill’s Pike/Pine corridor. The 21,562 SF, three-story building is 100% leased to a diversified five-tenant roster including Foundations, Seattle’s premier startup community, which recently expanded to occupy the entire upper-floor office component. The Offering contains secure cash flow, contracted rental increases, and future rollover upside. Located four blocks from the Capitol Hill Link light rail station with direct access to Seattle’s CBD, South Lake Union, and Amazon’s Global HQ, the property sits within one of Seattle’s most supply-constrained neighborhoods.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
27,600 SF
Building Class
B
Year Built
1922
Price
$8,665,743
Price Per SF
$313.98
Cap Rate
7%
NOI
$606,602
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
12’
Building FAR
2.99
Lot Size
0.21 AC
Zoning
NC3P-75 (M) - Seattle, WA
Frontage
Amenities
- Signage
Property Taxes
| Parcel Number | 880490-0480 | Improvements Assessment | $3,663,300 |
| Land Assessment | $4,816,800 | Total Assessment | $8,480,100 |
Property Taxes
Parcel Number
880490-0480
Land Assessment
$4,816,800
Improvements Assessment
$3,663,300
Total Assessment
$8,480,100
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