4241 21st Avenue W
Seattle, WA 98199
0.28 acres | #2240758
Description
96% leased remodeled office building with ample off-street parking. This 4-story office building features a secured lobby entrance, 23+ off-street parking spaces, building conference room, shower facility, hospital grade HEPA filtration system and incredible views of the Ship Canal and Fisherman's Terminal from every floor. Great location close to Vertical World Climbing Gym, Discovery Park, and many great restaurants and breweries. This is an excellent opportunity for an investor or owner-user to acquire an updated property with stabilized income from long-term tenants. The current cap rate w/ in-place below market rent is 5.30%. Cap rate increases to over 8% once 3 small available suites are leased. Please don't disturb current tenants.
Property Details
- InteriorCeramic Tile, Concrete, Laminate, Wall to Wall Carpet
- Exterior MaterialsCement/Concrete, Wood Products
- Style61 - Comm Bldg Ovr 10K
- Property SubtypeCommercial Industrial
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- Date ListedJune 10, 2024
- Structure TypeUnspecified
- Original List Price$3,500,000
- Property ConditionRemodeled
- Property TypePurchase
- SubdivisionMagnolia
- Taxes Annual$42,020
- MLS #2240758
- Cost3500000
- MLS #2240758
- Acres0.2755
- Utility SourcePublic
- Year Built1979
- CountyKing
- Days on Market (Cumulative)189
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-11-13 20:16:01. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated:Â . Source: NWMLS
Listing Courtesy
Listing Agent: Lauren Hendricks (#NWM49708)
Listing Office: Windermere Real Estate Midtown (#NWM7083)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
