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Sherwin-Williams 2500 15th Ave W

5,745 SF Retail Building Seattle, WA 98119 $6,469,250 CAD ($1,126 CAD/SF) 5% Cap Rate

Retail Buildings Washington Seattle 2500 15th Ave W, Seattle, WA 98119

Investment Highlights

  • Sherwin-Williams is a national publicly traded tenant (SHW) with an investment grade credit rating of BBB from S&P Global Ratings
  • The Interbay trade area is currently undergoing rapid change and seeing explosive growth and redevelopment
  • The lease is guaranteed by Sherwin Williams corporate, providing strong credit
  • The property is located just 10 minutes from Seattle CBD, South Lake Union, and the area’s largest employers – Amazon, Nordstrom, and Expedia
  • The pricing is at/near land value providing an excellent long-term development site

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 SF headquarters, and in the heart of the dense, high-income neighborhoods of Queen Anne, Magnolia, and Ballard.

Attachments

Sherwin-Williams_Seattle, WA_Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,745 SF
Building Class
C
Year Built/Renovated
1960/2017
Price
$6,469,250 CAD
Price Per SF
$1,126 CAD
Cap Rate
5%
NOI
$323,462 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 ft on 15th

Amenities

  • Signage
1 of 1
Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Club Pilates
Whole Foods Market
Taqueria
Quality Food Centers
KeyBank
TacoTime
Starbucks
U.s. Bank Branch
Anytime Fitness
Umpqua Bank

PROPERTY TAXES

Parcel Number 277110-8020 Improvements Assessment $540,547 CAD
Land Assessment $2,465,763 CAD Total Assessment $3,006,310 CAD

PROPERTY TAXES

Parcel Number
277110-8020
Land Assessment
$2,465,763 CAD
Improvements Assessment
$540,547 CAD
Total Assessment
$3,006,310 CAD
(206) 518-9567

Contacts

  • Listing ID: 34225959

  • Date on Market: 2024-12-17

  • Last Updated:

  • Address: 2500 15th Ave W, Seattle, WA 98119

The Retail Property at 2500 15th Ave W, Seattle, WA 98119 is currently available for sale. Contact Newmark for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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2500 15th Ave W, Seattle, WA for sale Building Photo- Image 1 of 10
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2500 15th Ave W, Seattle, WA for sale Building Photo- Image 2 of 10
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2500 15th Ave W, Seattle, WA for sale Building Photo- Image 3 of 10
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2500 15th Ave W, Seattle, WA for sale Building Photo- Image 4 of 10
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2500 15th Ave W, Seattle, WA for sale Building Photo- Image 5 of 10
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2500 15th Ave W, Seattle, WA for sale Building Photo- Image 6 of 10
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2500 15th Ave W, Seattle, WA for sale Building Photo- Image 7 of 10
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2500 15th Ave W, Seattle, WA for sale Building Photo- Image 8 of 10
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2500 15th Ave W, Seattle, WA for sale Building Photo- Image 9 of 10
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Sherwin-Williams | 2500 15th Ave W
(206) 518-9567 x

Sherwin-Williams | 2500 15th Ave W

1/2

Billy Sleeth

(206) 518-9567

(206) 518-9567

Paul Sleeth

(206) 518-9567

(206) 518-9567

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