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6323 35th Ave SW
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6323 35th Ave SW
8,926 SF 100% Leased Retail Building Seattle, WA 98126 $5,641,350 CAD ($632 CAD/SF) 5.05% Cap Rate
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INVESTMENT HIGHLIGHTS
- 9,112 Square Feet of Building
- 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. Two of the Tenant Leases ends mid-year 2028, the other in June 2025 allowing for Future Development. Building upgrades include exterior painting in 2021, new roof
in 2022, 3 new roof top HVAC systems in the last 3 years
in 2022, 3 new roof top HVAC systems in the last 3 years
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
8,926 SF
Building Class
B
Year Built
1987
Price
$5,641,350 CAD
Price Per SF
$632 CAD
Cap Rate
5.05%
NOI
$285,157 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.68 AC
Zoning
NC240, Seattle - Neighborhood commercial
Parking
62 Spaces (6.95 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 387490-0020 | Improvements Assessment | $1,471 CAD |
Land Assessment | $4,405,868 CAD | Total Assessment | $4,407,339 CAD |
PROPERTY TAXES
Parcel Number
387490-0020
Land Assessment
$4,405,868 CAD
Improvements Assessment
$1,471 CAD
Total Assessment
$4,407,339 CAD
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6323 35th Ave SW
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