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RETAIL/OFFICE STRIP CENTER 8001-8007 Lake City Way NE 4,310 SF 100% Leased Retail Building Seattle, WA 98115 $1,899,000 ($440.60/SF) 7.06% Cap Rate
Investment Highlights
- This premier retail asset enjoys exceptional exposure, with approximately 34,555 vehicles passing by daily.
- Additionally, the property benefits from strong frontage along a major arterial route, ensuring unparalleled access.
- This steady flow of traffic maximizes visibility for tenants, driving consistent customer engagement and business growth.
- Ideally positioned just a few blocks from Interstate 5, this property offers seamless access to one of the region’s primary transportation arteries.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,310 SF
Building Class
B
Year Built
1923
Price
$1,899,000
Price Per SF
$440.60
Cap Rate
7.06%
NOI
$134,124
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.25 AC
Zoning
C140 - Neighborhood Commercial
Parking
16 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
135’ on Lake City Way
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Aloha Day Spa
- Services
- -
- $9.63
- Triple Net
- Jun 2012
- Georgia's Greek Restaurant Food Truck Market &...
- Accommodation and Food Services
- -
- -
- -
- -
- Jet City Property Preservation
- Construction
- -
- -
- -
- -
-
- Services
- -
- -
- -
- -
MaidPro began in 1991 when founders Mark Kushinsky and Richard Sparacio wanted better cleaning services. Starting in Boston, they've expanded across North America. The company provides residential cleaning using a point checklist system. They also serve commercial clients with office janitorial services. MaidPro operates as a franchise business with many locations.
- Tera Painting
- Construction
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Aloha Day Spa | Services | - | $9.63 | Triple Net | Jun 2012 | |
| Georgia's Greek Restaurant Food Truck Market &... | Accommodation and Food Services | - | - | - | - | |
| Jet City Property Preservation | Construction | - | - | - | - | |
|
|
Services | - | - | - | - | |
| Tera Painting | Construction | - | - | - | - |
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 688480-0115 | Improvements Assessment | $1,000 |
| Land Assessment | $2,145,200 | Total Assessment | $2,146,200 |
Property Taxes
Parcel Number
688480-0115
Land Assessment
$2,145,200
Improvements Assessment
$1,000
Total Assessment
$2,146,200
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Contact the Sale Advisor
RETAIL/OFFICE STRIP CENTER | 8001-8007 Lake City Way NE