312 NW 40th Street, Seattle, WA 98107
- $820,000
Listing courtesy of Windermere R.E. Wall St. Inc.. Selling Office: Windermere RE/Greenwood.
- Sold Price
- $820,000
- List Price
- $700,000
- Status
- SOLD
- MLS#
- 859579
- Closing Date
- Nov 05, 2015
- Days on Market
- 10
- Annual Tax Ammount
- 3398
Property Description
Warehouse/office building in the heart of "Frelard" (Ballard/Fremont). Property is occupied by a long-term single-tenant on a NNN lease. Property features incl. over 1500 SF of clear span warehouse w/ 15' ceiling, grade level loading door, reception area, 2 private offices, 2 restrooms, outdoor storage area, ample yard space & off-street parking. Tenant pays all operating expenses (taxes, insurance, utilities, maintenance, repairs, etc) plus Base Rent of $3,060/Mo. Great location & investment!
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Additional Information
- Community
- Ballard
- Building Condition
- Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1946
- # of Assigned Spaces
- 4
- Roof
- Torch Down
- Tax Year
- 2015
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Heat Pump, Concrete, Wall to Wall Carpet
- Flooring
- Concrete, Vinyl, Carpet
- Driving Directions
- From Leary Way NW turn East on NW 40th St. Property is next door to Frelard Pizza and 2nd in from the corner of Leary Way and NW 40th St. Property is kitty corner from Brown Bear Car Wash.
- Net Operating Income
- $36,720
- Gross Adjusted Income
- $40,118
- Gross Scheduled Income
- $40,118
- Cap Rate
- 5.25
- Total Expenses
- $3,398
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