6413-6423 Fauntleroy Way SW
Seattle, WA 98136
6413 23 Fauntleroy Way · Retail Property For Sale

Cushman & Wakefield Commerce, as exclusive agent, is pleased to offer for sale Fauntleroy Square, 6413 Fauntleroy Way SW ("Property"), as a well-established 12,016 square foot retail/office building located within the vibrant "West Seattle" neighborhood of Seattle, Washington. The property provides an investor with a compelling opportunity to acquire a stabilized asset with substantial rent growth opportunity on re-tenanting. Current ownership has maintained the building structure commensurate with market standards, but has chosen to manage for cash flow and defer capital investments, such as cohesive signage, repainting and tenant improvements. The property's average gross rent is $17.50 per square foot, while comparable available spaces in the area are $28.00. Given the location, market rental rates, and dynamic growth of the Puget Sound area, there is a near and long term opportunity for substantial value creation. Well Configured Core - Fauntleroy Square was built to take advantage of the need for local retail and office/professional space. Suites range in size from 720 to 2,400 square feet allowing for a diverse mix of professional service providers and retail operators. The building suites could be further demised or aggregated, depending on the investor's preferences and market demand. The mix of short and longer term leases allow an investor the stability of cash flow while devising a repositioning strategy. Central Location, Vibrant Community - Fauntleroy Square is located within the City of Seattle's "Morgan Junction Urban Village," a subarea of West Seattle. Seattle's urban villages a