4442 27th Avenue W, Seattle, WA 98199
- $2,150,000
Listing courtesy of Windermere Real Estate Midtown. Selling Office: Windermere Real Estate/FN.
- Sold Price
- $2,150,000
- List Price
- $2,150,000
- Status
- SOLD
- MLS#
- 1733451
- Closing Date
- Oct 26, 2021
- Days on Market
- 217
- Annual Tax Ammount
- 12712
Property Description
Excellent investment opportunity in Magnolia's Fisherman's Terminal area. The property is 100% occupied by an A-credit tenant, on a NNN lease with a 2015 base year for property taxes. The 5,964 SF building features 18 foot ceilings, 3-phase 480v power, metal roof, dock high and grade level loading doors, 3 private restrooms, large showroom and a small office area. The 11,565 SF lot is zoned IG2 U/65 has a fully fenced yard area and parking for multiple vehicles. Current lease is through 6/30/2024 and Tenant has one 5-year option to extend. Please don't disturb tenant.
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Additional Information
- Community
- Interbay
- Building Condition
- Very Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1989
- # of Assigned Spaces
- 13
- Roof
- Metal
- Tax Year
- 2021
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Concrete, Wall to Wall Carpet
- Flooring
- Concrete, Carpet
- Driving Directions
- From W. Commodore Way, go west on 27th Ave W. Property on South side of street right before 27th Ave W turns into Gilman Place W.
- Other Expenses
- 593
- Net Operating Income
- $96,995
- Gross Adjusted Income
- $110,300
- Gross Scheduled Income
- $110,300
- Cap Rate
- 4.51
- Total Expenses
- $13,305
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