Marcus & Millichap has been selected to exclusively market for sale a freestanding Haggen Supermarket in the greater Seattle area of Shoreline, Washington. The property is subject to a brand new twenty-five year absolute net lease that includes rare 1.75% annual rental increases in both the primary term and two, ten-year renewal options. The lease is guaranteed by Haggen Holdings, LLC, a privately held company with 164 locations (106 with pharmacies) in five states. Both Starbucks and Alaska USA Credit Union operate inside this Haggen location. This store has been operating as a well-established Safeway-branded location since 1976. In February 2015, the store was converted to a Haggen whereby it was re-bannered Haggen, reset, refreshed, and Haggen' s merchandising strategy implemented. The property is well situated on a hard corner with great visibility from Aurora Avenue and close proximity to Interstate 5 with traffic volumes in excess of 193,000 vehicles per day. The Haggen Supermarket is surrounded by a dense residential and retail market with more than 317,000 residents and incomes exceeding $90,000 per year within five miles of the site.
The Magnolia Center Building is being offered for sale for the 1st time in almost 40 years! Prime location in the heart of Magnolia Village with long-term tenants and a nearly 0% current and historical vacancy rate. The property has a great mix of retail and office tenants plus storage lockers in the basement for additional income. The anchor tenant, Windermere Real Estate, recently renewed their NNN lease for 7-years commencing 1/1/2015. Building features include air conditioning, elevator and sprinklered basement. Great opportunity to acquire a well-maintained and stable investment property in one of the most desirable neighborhoods in Seattle. Cap rate = 6.62% on actual income/expenses.
PERMIT READY PROJECT. BREAK GROUND THIS QUARTER. Owner, Zion Enterprises proudly presents to you an unequaled opportunity to purchase a fully permitted 163 unit multi use apartment project located in the newly zoned Shoreline Town center. The site itself is 50,862 SF and is located at 17962 Midvale Ave N Shoreline WA 98177. We have plans and are close to permits for 163 units and 150 underground parking spaces with 3390 SF of retail space. It is a 5 story wood frame project on top of 2 levels concrete podium. The City of Shoreline has approved a 8 year property tax exemption with no rent restrictions.This turn-key apartment project will have all entitlements complete, construction budget bid out and preliminary construction to perm financing approval. Current property is a commercial office building which is currently being leased by multiple tenants.
Part of gravelled yard. Selling together to total 73,300SF along high traffic arterial. Visibility from I-5
$2,495,000Size Upon Req.
1320 University Street is located at the top of First Hill and is zoned HR, allowing for a future multi-family project up to 160 feet in height. With a Walkscore of 98, the site enjoys immediate access to the Pike/Pine corridor, downtown Seattle, all retail amenities and public transportation. See attached marketing package.
2 sister buildings were completed in 1957 and 1959, and are situated so that the two-story L shaped structures create a large parking area and courtyard. The buildings are wood-framed, with newly painted wood siding and newer torch-down roofs. Each building has a common laundry room with hook-ups for two sets of machines. Currently there is only one set of machines on the property, offering additional income upside for a new owner by simply adding more washer/dryers. The unit floorplans are livable designs with abundant natural light, large closets, and kitchens with full-sized appliances. The current owner has replaced the baseboard electric heaters in the units.
Three Retail businesses property, just three blocks away from a new light rail train station. It is priced to sell.
4.12 acres; SEPA completed. Close proximity to I-5 and I-405.
Price Upon Req.7,168 SF
Four-tenant building. Break room area has washer/dryer hookups.
Recently remodeled class A office building with glass entry, porcelain tile inset, vaulted skylights and recessed light fixtures. Building is sprinklered and insulated; perimeter insulated glassline. Variable air volume and dual duct HVAC. Remodeled restrooms; full height doors, brushed aluminum thin-set blinds and chrome hardware throughout.