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Evergreen Bldg 18021-18023 15th Ave NE 4,872 SF 100% Leased Office Building Shoreline, WA 98155 $4,828,590 CAD ($991.09 CAD/SF) 5.17% Cap Rate
Investment Highlights
- Heavy Traffic area
- Very low vacancy rate
- Class A building in Shoreline. Rare
Executive Summary
Rare opportunity 2025. It's rare we have a lease cycle to all match up for renewals. Sept through December many leases will be up for renewal. This is the perfect opportunity for owner operators or developers. This was not designed and has never happened before in an always fully leased building.
Current Lease Terms:
Current Lease Terms:
Suite 201 VACANT
Suite 101 Golden Bow Flowers and Gifts 10/31/30
Suite 100 Optometry 8/31/31
Suite 200 Chiropractic 12/31/27
Current Lease Terms:
Current Lease Terms:
Suite 201 VACANT
Suite 101 Golden Bow Flowers and Gifts 10/31/30
Suite 100 Optometry 8/31/31
Suite 200 Chiropractic 12/31/27
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,872 SF
Building Class
C
Year Built
1974
Price
$4,828,590 CAD
Price Per SF
$991.09 CAD
Cap Rate
5.17%
NOI
$249,753 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,436 SF
Building FAR
0.59
Lot Size
0.19 AC
Zoning
BC, Shoreline - Commercial Business
Parking
16 Spaces (3.28 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 616390-0593 | Improvements Assessment | $1,124,253 CAD |
| Land Assessment | $793,793 CAD | Total Assessment | $1,918,046 CAD |
Property Taxes
Parcel Number
616390-0593
Land Assessment
$793,793 CAD
Improvements Assessment
$1,124,253 CAD
Total Assessment
$1,918,046 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
John Tong
Evergreen Bldg | 18021-18023 15th Ave NE
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