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4700 Ballard Ave NW
Seattle, WA 98107
Industrial Property For Sale
Investment Highlights
- There is an extra parking lot that is 5,000 square feet.
- 4700 Ballard Ave NW has two grade-level access points and is equipped with 400a/480v 3p power.
Executive Summary
We are pleased to announce the opportunity to purchase an income-producing industrial portfolio in a highly sought neighborhood of Seattle.
Located in the heart of Ballard, the two-building portfolio is 100% leased to Carstar on a long-term lease. The property consists of two buildings totaling 13,055 SF, sitting on .56 acres with ample off-street parking.
In addition to the long-term, passive income, the future redevelopment potential of the property’s prime location offers further upside.
7.5% cap rate on actuals. $1,550,000 net price after $250,000 environmental credit.
Located in the heart of Ballard, the two-building portfolio is 100% leased to Carstar on a long-term lease. The property consists of two buildings totaling 13,055 SF, sitting on .56 acres with ample off-street parking.
In addition to the long-term, passive income, the future redevelopment potential of the property’s prime location offers further upside.
7.5% cap rate on actuals. $1,550,000 net price after $250,000 environmental credit.
Property Facts
Amenities
- Fenced Lot
- Floor Drains
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,359 CAD | |
| Land Assessment | $2,599,735 CAD | Total Assessment | $2,601,093 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$2,599,735 CAD
Improvements Assessment
$1,359 CAD
Total Assessment
$2,601,093 CAD
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