4241 21st Avenue W, Seattle, WA 98199

$3,500,000
List Price
$3,500,000
Status
ACTIVE
Days on Market
9
MLS#
2240758
Subtype
Commercial Sale
Style
61 - Comm Bldg Ovr 10K
Year Built
1979
Lot Size
12,000
Acres
0.28
Subdivision
Magnolia
Neighborhood
Magnolia
MLS Area Major
Queen Anne/Magnolia

Property 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.

Additional Information

Interior Features
Ceramic Tile, Concrete, Laminate, Wall to Wall Carpet
Exterior Features
Cement/Concrete, Wood Products
Property Description
61 - Comm Bldg Ovr 10K
Flooring
Ceramic Tile, Concrete, Laminate, Carpet
Heating
90%+ High Efficiency, HRV/ERV System
Air Conditioning
90%+ High Efficiency, Central A/C, HEPA Air Filtration
Roof
Built-Up, Flat

Listing courtesy of Listing Agent: Lauren Hendricks () from Listing Office: Windermere Real Estate Midtown.

The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Data last updated at .

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks