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Apartments Condo For Sale • 2,415 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit #100 | Office/Retail | 2,415 SF | $1,249,000 USD | |
DescriptionExceptional opportunity to own a 2,415 SF street-level commercial condo in West Seattle's Alaska Junction. This commercial condo has excellent visibility w/ 96 ft of street frontage on California Ave SW. Currently configured as an office with 4 private offices, conference room, 2 private restrooms, kitchenette, A/C, 12 ft ceilings, fully sprinklered, 4 dedicated parking stalls & a huge storage unit. Leased to long-term tenants (CPA & Law Firm) at below market rent on a NNN lease through 12/31/29. However, owner has the right to terminate the lease w/ 6 months notice. Rare opportunity for an investor seeking stable cash flow or an owner-user planning future occupancy, as this unit offers tons of versatility as either an office or retail use. Sale NotesRare ability for a new owner to terminate all, or a portion of the leased space, to make the unit work for their square footage needs. Alternatively, a new owner can also do nothing and continue to collect income from steady long-term tenants. |
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Exceptional opportunity to own a 2,415 SF street-level commercial condo in West Seattle's Alaska Junction. This commercial condo has excellent visibility w/ 96 ft of street frontage on California Ave SW. Currently configured as an office with 4 private offices, conference room, 2 private restrooms, kitchenette, A/C, 12 ft ceilings, fully sprinklered, 4 dedicated parking stalls & a huge storage unit. Leased to long-term tenants (CPA & Law Firm) at below market rent on a NNN lease through 12/31/29. However, owner has the right to terminate the lease w/ 6 months notice. Rare opportunity for an investor seeking stable cash flow or an owner-user planning future occupancy, as this unit offers tons of versatility as either an office or retail use.
| 2,415 SF commercial office condo in the heart of West Seattle's Alaska Junction |
| 12+ ft ceilings, fully sprinklered, air conditioned, 4 deeded parking stalls & a 200+ SF deeded storage unit located across the hall from the unit |
| Currently configured with 4 private offices, large conference room, 2 private restrooms, kitchenette and break area |
| Over 96 feet of street frontage on California Ave SW |
| Currently leased to two long-term tenants at below market rate rent |
| Owner has the ability to terminate one or both of the leases w/ 6-months notice - or do nothing & continue to collect over $66,500/Yr w/ ann. increase |
| Cap Rate: | 5.32 % |
| Total Expenses: | $29,590 USD |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Christiansen & Associates Ps | ||
| Stonebridge Capital Management |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) | 12 min | - | 5.5 mi |
| Airport | Drive | Walk | Distance |
| Seattle-Tacoma International | 27 min | - | 15.2 mi |
| Seattle Paine Field International | 45 min | - | 29.9 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Type: | Covered |
| Included in Rent: | Yes |
Lauren Hendricks
Windermere Commercial
Lauren Hendricks
Windermere Commercial
