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White Center Retail 9615-9629 15th SW ave 5,600 SF Retail Building Seattle, WA 98106 $1,200,000 ($214.29/SF) 7.50% Cap Rate
Executive Summary
Owner/User or Investment Opportunity for sale in the heart of White Center just off Roxbury Street. This 5,600 SF retail building offers flexibility for both investors and owner-users. The property is currently configured with four suites, fully leased on a month-to-month basis to a Mexican Deli & Restaurant. The tenant is prepared to sign a new 5-year lease with a 5-year option, starting at $16/SF + NNN with 3% annual escalations, providing a 7.5% cap rate at stabilization. Located in the thriving White Center business district with excellent freeway access, this property offers stable income potential and strong long-term growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,600 SF
Building Class
C
Year Built
1960
Price
$1,200,000
Price Per SF
$214.29
Cap Rate
7.50%
NOI
$90,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.48
Lot Size
0.27 AC
Zoning
CBPSODPA
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 320380-0120 | Improvements Assessment | $377,400 |
| Land Assessment | $409,800 | Total Assessment | $787,200 |
Property Taxes
Parcel Number
320380-0120
Land Assessment
$409,800
Improvements Assessment
$377,400
Total Assessment
$787,200
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White Center Retail | 9615-9629 15th SW ave