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
81

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.

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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