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7301 5th Ave NE 2,177 SF Office/Medical Condo Unit Offered at $925,000 in Seattle, WA 98115
INVESTMENT HIGHLIGHTS
- Just two blocks from Greenlake and the new Swedish medical complex along 5th Ave NE
PROPERTY FACTS
| Total Building Size | 2,832 SF | Typical Floor Size | 708 SF |
| Property Type | Office (Condo) | Year Built | 1999 |
| Building Class | B | Lot Size | 0.16 AC |
| Floors | 4 | Parking Ratio | 0.35/1,000 SF |
| Zoning | NC240 | ||
| Total Building Size | 2,832 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 708 SF |
| Year Built | 1999 |
| Lot Size | 0.16 AC |
| Parking Ratio | 0.35/1,000 SF |
| Zoning | NC240 |
1 UNIT AVAILABLE
Unit A
| Unit Size | 2,177 SF | Sale Type | Investment |
| Price | $925,000 | Cap Rate | 5.08% |
| Price Per SF | $424.90 | NOI | $46,990 |
| Condo Use | Office/Medical | APN/Parcel ID | 769856-0010 |
| Unit Size | 2,177 SF |
| Price | $925,000 |
| Price Per SF | $424.90 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 5.08% |
| NOI | $46,990 |
| APN/Parcel ID | 769856-0010 |
DESCRIPTION
Price Reduced! Rare Greenlake investment property. Ground-floor commercial condo, fully leased through April, 2028. Direct access from 5th Ave NE. Central location with quick and easy access to I-5 and Hwy 99. Built out as medical treatment facility with reception area, numerous treatment rooms, two conference rooms, bathroom (with shower), coffee/laundry room, office, and storage room. Completely ADA compliant. Two covered client parking spots plus one spot in the underground parking garage. Near thriving commercial district. CAP rate will increase each year through remainder of lease.
SALE NOTES
Fully leased through April 2028, with option for 5 year extension. CAP 4.77% (will increase Y/Y over remaining 3 years of lease). Please do not disturb tenant or interfere with their business. All tours to be conducted with listing broker present.
7301 5th Ave NE Suite A, Seattle WA_0008-2
7301 5th Ave NE Suite A, Seattle WA_0025-2
7301 5th Ave NE Suite A, Seattle WA_0027-2
Contact the Sale Advisor
7301 5th Ave NE