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7400 Aurora Ave N 5,027 SF 100% Leased Retail Building Seattle, WA 98103 $1,582,700 ($314.84/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Both tenants operate on NNN leases, allowing for full reimbursement of operating expenses
- Potential owner-user opportunity
- Located on Aurora Ave N, a high-visibility, high traffic commercial corridor
EXECUTIVE SUMMARY
Kidder Mathews is pleased to present for the opportunity to acquire 7400 Aurora Ave N in Seattle, Washington, a 100% occupied retail center located adjacent to the desirable Greenlake neighborhood.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,027 SF
Building Class
C
Year Built
1927
Price
$1,582,700
Price Per SF
$314.84
Cap Rate
7%
NOI
$110,789
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.68
Lot Size
0.17 AC
Zoning
NC340
Frontage
32’ on Aurora Ave
Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 551160-0485 | Improvements Assessment | $627,300 |
| Land Assessment | $1,125,000 | Total Assessment | $1,752,300 |
PROPERTY TAXES
Parcel Number
551160-0485
Land Assessment
$1,125,000
Improvements Assessment
$627,300
Total Assessment
$1,752,300
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