3931 Leary Way NW
Seattle WA 98107
Frelard Warehouse Building
3931 Leary Way NW Seattle WA 98107
Listing #: 687224 | Status: Available | Last Modified: 9/24/2024 |
For Sale
- Phone:(206) 505-9421
- Email:ellenmohl@westlakeassociates.com
- Office Name:Westlake Associates, Inc.
- Office Phone:(206) 505-9400
- Office Website:
- Agent Phone:(206) 505-9428
- Agent Email:travisk@westlakeassociates.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 4,500,000.0
- $/SF$ 275.4
- Listing StatusAvailable
- Days on Market2
- Asset ClassIndustrial
- Terms
- Investment Type
- Investment PropYes
- Gross Income260,568
- Vacancy Factor %0.00%
- Operating Expenses54,735
- Net Operating Income205,833
- CAP Rate 4.57 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Dock High Doors5
- Semi-Dock Doors
- Grade Level Door Count2
- Crane Count
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units
- # of Elevators
- Clearance Height Min14
- Clearance Height Max
- Bay Depth
- Total Building SF16338
- Net Rentable Area13900
- Total Office SF2400
- Largest Contiguous SF
- Lot SF27443
- Acres0.63
- Property TypeIndustrial
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaFremont/Ballard
- Tax ID #7442000755
- Additional Parcels
- ZoningMML U/45
- # Covered Spaces0
- # Uncovered Spaces18
- Total Parking Spots18
- Parking Ratio0
- Year Built1968
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeMasonry
Frelard Industrial Building For Sale
The building is currently 100% leased and there are two tenants, one of which has a lease that will terminate January 31, 2025. The site is 27,482 sf in size, has roads on three sides and an SDOT utility road on the fourth, and has easy access from a major arterial, Leary Way NW. There is abundant parking both on site and on the streets surrounding the property. This site can function as either a user property or it could be an investor property, one that is majority leased to an international company that appears to be financially solid. As to the construction of the building, the property was built by the current owners’ grandfather as a warehouse with mezzanine offices in 1968 and remodeled in 1995. It has remained a warehouse with offices since it was originally constructed and Kin