5415 California Ave SW | Seattle, WA 98136
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5415 California Ave SW
Seattle, WA 98136
California Indigo Office Building · Office Property For Sale
Investment Highlights
- 15,000 SF of NC-40 Land along California Ave
- Market CAP Rate of 5.0%
- Highly Visible West Seattle Location
- Current 4.5% CAP Rate
- Owner User Opportunity
Executive Summary
Paragon Real estate Advisors is pleased to present the exclusive listing of the California Indigo Office Building, centrally located along California Ave in West Seattle. This well-positioned property offers 4,650 square feet of spacious and functional office space with 20 dedicated parking stalls. It also presents significant potential for future development. With its strategic location in a vibrant, high-traffic area, the site is ripe for transformation, whether you’re looking to enhance the existing structure or envision a new development that could serve the evolving needs of the community. The property’s high visibility, coupled with the decreasing presence of innovative office space in West Seattle, makes it an attractive investment for developers seeking to capitalize on this thriving neighborhood. Seize this chance to shape the future of West Seattle with a versatile property that offers both immediate utility and long-term potential.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
4,645 SF
Building Class
C
Year Built
1951
Price
$4,465,320 CAD
Price Per SF
$961 CAD
Cap Rate
4.50%
NOI
$200,939 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,645 SF
Building FAR
0.31
Land Acres
0.34 AC
Zoning
NC230, Seattle
Parking
19 Spaces (4.09 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 762570-1285 | Improvements Assessment | $1,398 CAD |
| Land Assessment | $3,041,520 CAD | Total Assessment | $3,042,918 CAD |
PROPERTY TAXES
Parcel Number
762570-1285
Land Assessment
$3,041,520 CAD
Improvements Assessment
$1,398 CAD
Total Assessment
$3,042,918 CAD
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