Prepared by https://www.commercialmls.com
3931 Leary Way NW Seattle WA 98107
Listing #: 687224 | Status: Available | Last Modified: 9/24/2024
Showing Instructions | |
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Call Listing Agent | No |
Use Discretion | No |
Investment Information | |
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Investment Prop | Yes |
Gross Income | 260,568 |
Vacancy Factor % | 0.00% |
Operating Expenses | 54,735 |
Net Operating Income | 205,833 |
CAP Rate | 4.57 % |
Detail Listing Information | |
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Min Total SF | 0 SF |
Max Total SF | 0 SF |
Lease Rate Low | $ 0.00 |
Lease Rate High | $ 0.00 |
Retail Information | |
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Signage | Signage on Building and Freestanding |
Industrial Asset Class Info | |
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Dock High Doors | 5 |
Grade Level Door Count | 2 |
Building Information | |
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Building Status | Existing |
# of Buildings | 1 |
# of Floors | 2 |
Clearance Height Min | 14 |
Total Building SF | 16,338 SF |
Net Rentable Area | 13,900 SF |
Total Office SF | 2,400 SF |
Largest Contiguous SF | 0 SF |
Lot SF | 27,443 SF |
Acres | 0.63 |
Year Built | 1968 |
Construction Type | Masonry |
Property Type | |
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Property Type | Industrial |
Location | |
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County | King |
Market Area | Fremont/Ballard |
Tax ID # | 7442000755 |
Zoning | MML U/45 |
Parking Information | |
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#Covered Spaces | 0 |
# Uncovered Spaces | 18 |
Total Parking Spots | 18 |
Parking Ratio | 0 |
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
Frelard Warehouse Building
3931 Leary Way NW Seattle WA 98107
Listing #: 687224 | Status: Available | Listing Date: 9/24/2024 | Last Modified: 9/24/2024 | Email Listing