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2500 15th Ave W 5,745 SF Retail Building Seattle, WA 98119 $6,002,128 CAD ($1,044.76 CAD/SF) 5.12% Cap Rate
Investment Highlights
- INVESTMENT-GRADE, CORPORATE-GUARANTEED LEASE
- OUTSTANDING URBAN LOCATION
- RECENT 15 YEAR LEASE RENEWAL
- LONG-TERM LEASE COMMITMENT
- FUTURE REDEVELOPMENT OPPORTUNITY
Executive Summary
The offering provides the opportunity to acquire a ±5,745 square foot single-tenant Sherwin-Williams. Sherwin-Williams (SHW) is an investment-grade tenant located in one of the most dynamic and highly sought-after trade areas of Seattle. The asset is located minutes from downtown Seattle and South Lake Union, two blocks from Expedia’s 1.95 million square foot headquarters, and in the heart of the dense, high-income neighborhoods of Queen Anne, Magnolia, and Ballard. In 2025, Sherwin-Williams executed a brand-new 15-year lease extension, securing 17 years of remaining term with scheduled rent escalations and options extending through 2052.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,745 SF
Building Class
C
Year Built
1960
Price
$6,002,128 CAD
Price Per SF
$1,044.76 CAD
Cap Rate
5.12%
NOI
$307,309 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.55
Lot Size
0.24 AC
Zoning
C1-40
Parking
12 Spaces (2.09 Spaces per 1,000 SF Leased)
Frontage
150’ on 15th
Amenities
- Signage
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 277110-8020 | Improvements Assessment | $798,326 CAD (2024) |
| Land Assessment | $2,368,726 CAD (2024) | Total Assessment | $3,167,052 CAD (2024) |
Property Taxes
Parcel Number
277110-8020
Land Assessment
$2,368,726 CAD (2024)
Improvements Assessment
$798,326 CAD (2024)
Total Assessment
$3,167,052 CAD (2024)
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2500 15th Ave W
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