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6335 35th Ave SW 9,112 SF 100% Leased Office Building Seattle, WA 98126 $4,361,700 CAD ($478.68 CAD/SF) 6.47% Cap Rate
Investment Highlights
- 60 Parking places on site surrounding the building with two curb cuts
- Building is located in the Morgan Junction neighborhood in West Seattle next to U-Haul and many other new developments
Executive Summary
Three Unit Building with long term Tenants of which two are on NNN Leases and the other a modified gross lease. All three Tenant Leases ends mid-year 2028, with no options
allowing for Future Development. Building upgrades include exterior painting in 2021, new roof in 2022, 4 new roof top HVAC systems in the last 3 years.
allowing for Future Development. Building upgrades include exterior painting in 2021, new roof in 2022, 4 new roof top HVAC systems in the last 3 years.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
9,112 SF
Building Class
C
Year Built
1987
Price
$4,361,700 CAD
Price Per SF
$478.68 CAD
Cap Rate
6.47%
NOI
$282,244 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,112 SF
Building FAR
0.30
Lot Size
0.69 AC
Zoning
NC2P-55 - Neighborhood commercial
Parking
62 Spaces (6.8 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 387490-0020 | Improvements Assessment | $1,407 CAD |
| Land Assessment | $4,423,889 CAD | Total Assessment | $4,425,296 CAD |
Property Taxes
Parcel Number
387490-0020
Land Assessment
$4,423,889 CAD
Improvements Assessment
$1,407 CAD
Total Assessment
$4,425,296 CAD
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6335 35th Ave SW
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