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6323 35th Ave SW

8,926 SF 100% Leased Retail Building Seattle, WA 98126 £3,051,555 (£342/SF) 5.05% Net Initial Yield

Investment Highlights

  • 9,112 Square Feet of Building
  • 60 Parking places on site surrounding the building with two curb cuts
  • Building is located in the Morgan Junction neighborhood in West Seattle next to U-Haul and many other new developments

Executive Summary

Three Unit Building with long term Tenants of which two are on NNN Leases and the other a modified gross lease. Two of the Tenant Leases ends mid-year 2028, the other in June 2025 allowing for Future Development. Building upgrades include exterior painting in 2021, new roof
in 2022, 3 new roof top HVAC systems in the last 3 years

Attachments

6323 35th Ave SW

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
8,926 SF
Building Class
B
Year Built
1987
Price
£3,051,555
Price Per SF
£342
Net Initial Yield
5.05%
NOI
£154,249
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.30
Lot Size
0.68 AC
Zoning
NC240, Seattle - Neighborhood commercial
Parking
62 Spaces (6.95 Spaces per 1,000 SF Leased)
1 of 1
Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Starbucks
WaFd Bank
Krispy Krunchy Chicken
Than Brothers Pho
U.S. Bank
Orangetheory Fitness
Yoga Six

PROPERTY TAXES

Parcel Number 387490-0020 Improvements Assessment £782
Land Assessment £2,343,047 Total Assessment £2,343,829

PROPERTY TAXES

Parcel Number
387490-0020
Land Assessment
£2,343,047
Improvements Assessment
£782
Total Assessment
£2,343,829
(206) 612-7877

Contact

  • Listing ID: 33611682

  • Date on Market: 23/10/2024

  • Last Updated:

  • Address: 6323 35th Ave SW, Seattle, WA 98126

The Retail Property at 6323 35th Ave SW, Seattle, WA 98126 is currently available for sale. Contact Ewing & Clark, Inc. for more information.

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© 2024 CoStar Group

6323 35th Ave SW
(206) 612-7877 x

6323 35th Ave SW

Peter Argeres

(206) 612-7877

(206) 612-7877

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