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6335 35th Ave SW 9,112 SF 100% Leased Office Building Seattle, WA 98126 $3,400,000 ($373.13/SF) 5.90% Cap Rate
INVESTMENT HIGHLIGHTS
- 60 Parking places on site surrounding the building with two curb cuts
- Building is located in the Morgan Junction neighborhood in West Seattle next to U-Haul and many other new developments
EXECUTIVE SUMMARY
Three Unit Building with long term Tenants of which two are on NNN Leases and the other a modified gross lease. All three Tenant Leases ends mid-year 2028, with no options
allowing for Future Development. Building upgrades include exterior painting in 2021, new roof in 2022, 4 new roof top HVAC systems in the last 3 years.
allowing for Future Development. Building upgrades include exterior painting in 2021, new roof in 2022, 4 new roof top HVAC systems in the last 3 years.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
9,112 SF
Building Class
C
Year Built
1987
Price
$3,400,000
Price Per SF
$373.13
Cap Rate
5.90%
NOI
$200,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,112 SF
Building FAR
0.30
Lot Size
0.69 AC
Zoning
NC2P-55 - Neighborhood commercial
Parking
62 Spaces (6.8 Spaces per 1,000 SF Leased)
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Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 387490-0020 | Improvements Assessment | $1,000 |
| Land Assessment | $2,994,500 | Total Assessment | $2,995,500 |
PROPERTY TAXES
Parcel Number
387490-0020
Land Assessment
$2,994,500
Improvements Assessment
$1,000
Total Assessment
$2,995,500
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6335 35th Ave SW
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