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4339 University Way NE 7,978 SF 100% Leased Retail Building Seattle, WA 98105 $6,230,250 CAD ($780.93 CAD/SF) 5.41% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on "The Ave", the U-District's prime retail and pedestrian corridor
- Surrounding national credit tenants include Starbucks, Chipotle, and H-Mart
- Adjacent to the University of Washington campus, driving strong foot traffic
- Vertical development upside - NC3P-65 zoning
EXECUTIVE SUMMARY
Kidder Mathews is pleased to present the opportunity to acquire 4339 University Way NE, a 100% leased, three-tenant retail asset located on “The Ave” in Seattle’s University District, one of the city’s most dynamic and high-traffic urban corridors.
The offering is positioned in an irreplaceable core location serving dense residential neighborhoods and the University of Washington community. All tenants are on NNN leases providing a stable income stream with minimal landlord management. The site is zoned NC3P-65 which potentially allows for up to 6 stories of future development upside.
The offering is positioned in an irreplaceable core location serving dense residential neighborhoods and the University of Washington community. All tenants are on NNN leases providing a stable income stream with minimal landlord management. The site is zoned NC3P-65 which potentially allows for up to 6 stories of future development upside.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
7,978 SF
Building Class
C
Year Built
1910
Price
$6,230,250 CAD
Price Per SF
$780.93 CAD
Cap Rate
5.41%
NOI
$337,057 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.94
Lot Size
0.09 AC
Zoning
NC3P65
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (83)
Bike Score®
Very Bikeable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 114200-0135 | Improvements Assessment | $1,937,329 CAD |
| Land Assessment | $2,313,396 CAD | Total Assessment | $4,250,726 CAD |
PROPERTY TAXES
Parcel Number
114200-0135
Land Assessment
$2,313,396 CAD
Improvements Assessment
$1,937,329 CAD
Total Assessment
$4,250,726 CAD
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4339 University Way NE
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