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Tangletown Cornerstone 2106-2110 N 55th St 10,260 SF 100% Leased Retail Building Seattle, WA 98103 $7,194,652 CAD ($701.23 CAD/SF) 5.12% Cap Rate
Investment Highlights
- Unbeatable location in the heart of North Seattle, with close proximity to Green Lake
- Year 1 estimated NOI upwards of $269,000
- Tenants include award winning restaurants, well established businesses, and stable residents
Executive Summary
CBRE is pleased to present to qualified principals, the opportunity to acquire the Tangletown Cornerstone, an exceptional 10,260 SF retail and mixed-use asset. Benefiting from an “anchor” location within Seattle’s Green Lake neighborhood, this asset is well positioned as the gathering place for community and business.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,260 SF
Building Class
B
Year Built/Renovated
1910/2004
Price
$7,194,652 CAD
Price Per SF
$701.23 CAD
Cap Rate
5.12%
NOI
$368,640 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.04
Lot Size
0.23 AC
Zoning
NC1-40 - Neighborhood commercial
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 385690-3370 | Improvements Assessment | $2,425,210 CAD |
| Land Assessment | $3,290,547 CAD | Total Assessment | $5,715,757 CAD |
Property Taxes
Parcel Number
385690-3370
Land Assessment
$3,290,547 CAD
Improvements Assessment
$2,425,210 CAD
Total Assessment
$5,715,757 CAD
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Tangletown Cornerstone | 2106-2110 N 55th St
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