2821 Alaskan Way
Seattle WA 98121
Pier 70
2821 Alaskan Way Seattle WA 98121
Listing #: 687684 | Status: Available | Last Modified: 11/22/2024 |
For Sale
- Phone:(206) 518-9547
- Email:paul.sleeth@nmrk.com
- Office Name:Newmark
- Office Phone:(206) 388-3000
- Office Website:www.nmrk.com
- Agent Phone:(206) 395-2903
- Agent Email:cavan.okeefe@nmrk.com
- Agent Phone:(206) 518-9567
- Agent Email:billy.sleeth@nmrk.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 00.0
- $/SF$ 00.0
- Listing StatusAvailable
- Days on Market82
- Asset ClassOffice
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 0.00 %
- 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
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units
- # of Elevators1
- Clearance Height Min0
- Clearance Height Max
- Bay Depth
- Total Building SF107389
- Net Rentable Area27849
- Total Office SF19841
- Largest Contiguous SF
- Lot SF110207
- Acres2.53
- Property TypeOffice
- Office TypeOther
- Building ClassA
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaBelltown/Denny Regrade
- Tax ID #7666202290
- Additional Parcels7666202292
- ZoningDH1/45
- Year Built1902
- Year Renovated1999
- Completion Date
- Roof Type
- Construction TypeFramed, Wood
Pier 70
Pier 70 is an iconic asset located in the Seattle Waterfront District within downtown Seattle’s high-growth, dynamic and densely populated trade area. Pier 70 is strategically positioned in a “forever” location, just steps from Sculpture Park and the new Waterfront Project, blocks from Climate Pledge Arena, and adjacent to the Seattle CBD. The asset is 36% leased providing significant leasing upside or an opportunity to occupy a large footprint. The Offering benefits from an irreplaceable location highlighted by huge barriers to entry, a rare value-add component, long-term rental growth, and pure real estate appreciation.