4241 21st Avenue W, Seattle, WA 98199

Commercial Property
Built in 1979
0.28acre lot
—— car garage
$——/sqft
Listed 7 months ago

Property Description

This listing courtesy of Lauren Hendricks, Windermere Real Estate Midtown

96% leased remodeled office building with ample off-street parking. This 4-story office building has incredible views of fisherman's terminal & ship canal from every floor. It features a secured lobby entrance, 23+ off-street parking spaces, building conference room, shower facility, and hospital grade HEPA filtration system. 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.

Listing Status:: Pending
Listing Office:: Windermere Real Estate Midtown : 206-448-6400
Listing Agent:: Lauren Hendricks : 206-448-6400
MLS ID:: 2321503

This listing courtesy of Lauren Hendricks, Windermere Real Estate Midtown

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Lawton Elementary School

4000 27th Ave W, Seattle, WA, 98199

Grades KG-5

0.33 miles away

Salmon Bay K-8 School

1810 NW 65th St, Seattle, WA, 98117

Grades KG-8

1.24 miles away

Ballard High School

1418 NW 65th St, Seattle, WA, 98117

Grades 9-12

1.32 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.