Jewel Box Fremont Office 3625 Woodland Park Ave N 4,459 SF 100% Leased Office Building Seattle, WA 98103 $3,214,424 CAD ($720.88 CAD/SF) 5.13% Cap Rate

Team Vara is pleased to present Jewel Box Fremont Office, a 4,459 SF professional office building located just off Stone Way in one of Seattle’s most walkable commercial pockets (Walk Score 93). The property is fully leased to two tenants on staggered terms, providing near-term income and stability – while still offering a realistic path to future owner-user occupancy as leases roll or by utilizing Landlord-friendly lease termination rights.
The surrounding 1-mile trade area features a median household income of $147,887 – approximately 27% higher than Seattle’s average and nearly double the national average, supporting durable demand for professional and service-oriented users. While the site carries long-term redevelopment optionality, the building is prime for a savvy office investor or owner-occupant.
With income that supports a low-carry hold and a location that continues to benefit from Fremont’s depth of amenities and connectivity, Jewel Box Fremont Office offers a rare opportunity to secure an infill position in a supply-constrained, high-income submarket, with current cash flow and multiple exit paths over time.