10033 13th Avenue SW, Seattle, WA 98146

$1,650,000

Listing courtesy of Berkshire Hathaway HS NW. Selling Office: ZNonMember-Office-MLS.

Sold Price
$1,650,000
List Price
$1,795,000
Status
SOLD
MLS#
1252330
Closing Date
Nov 02, 2018
Days on Market
173
Annual Tax Ammount
15748

Property Description

7% CAP RATE!!!!!! Multi-National (U.S. & Canada) NNN single tenant lease with a 7% annualized cap rate. Outstanding opportunity to purchase two fully leased industrial buildings (12,600 sq. Ft.) on a 21, 867 Sq. Foot ISO zoned property with 3 years remaining on lease (with one year option). Two tax parcels (#797320-2505 & #797320-2455). Updated and modern building in excellent condition. Excellent Investment Opportunity.

Additional Information

Community
White Center
Building Condition
Very Good
Style
61 - Comm Bldg Ovr 10K
Year Built
1972
# of Assigned Spaces
40
Roof
Metal, Torch Down
Tax Year
2018
Potential Terms
Cash Out, Conventional, Owner Financing
Interior Features
Forced Air, Concrete
Flooring
Concrete, Vinyl
Driving Directions
I-5, Exit 163A (West Seattle Bridge). Take Delridge Exit, proceed North on Delridge Way, turns into Ambaum Blvd. Turn left on 100th St., right on 13th Ave S.W.
Electric Expenses
4810
Net Operating Income
$125,640
Gross Adjusted Income
$152,005
Gross Scheduled Income
$152,005
Water/Sewer/Garbage Expenses
$1,604
Cap Rate
7
Total Expenses
$26,365
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