928 NW Leary Way, Seattle, WA 98107
- $5,500,000
Listing courtesy of Coldwell Banker Bain.
- List Price
- $5,500,000
- Status
- ACTIVE
- MLS#
- 1910250
- Days on Market
- 72
Property Description
Don't miss this fantastic investment opportunity to purchase this Fremont mixed-use building, built in 2019. The building's diverse tenant mix offers an investment Buyer stabilized 100% occupancy within close proximity to the Lake Union and Seattle CBD at attractive submarket rates. The Ballard/U-Dist submarket has its largest tenants in Fremont and the area surrounding UW. Fremont's major tenants and employers list includes Google, Brooks Sports and Adobe. Tenant's enjoy a walk-score of 99, high-end finishes, industrial design, elevator access and two gorgeous penthouse-style roof top cottages. All of the commercial tenants have signed personal guarantees and have had no offsets during the pandemic. Don't wait, call now for details.
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Additional Information
- Community
- Ballard
- Building Condition
- Very Good
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 2019
- # of Assigned Spaces
- 7
- Roof
- Flat
- Tax Year
- 2021
- Potential Terms
- Cash Out, Conventional
- Driving Directions
- From 15th Ave NW, go east on NW Leary Way. The property is on the north side of Leary.
- Other Expenses
- 34639
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $299,571
- Gross Adjusted Income
- $364,944
- Gross Scheduled Income
- $374,072
- Cap Rate
- 5.45
- Vacancy Rate
- 2
- Total Expenses
- $65,372
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