About 4241 21st Avenue W
96% leased remodeled office building with ample off-street parking. This 4-story office building has incredible views of fisherman's terminal & ship canal from every floor. It features a secured lobby entrance, 23+ off-street parking spaces, building conference room, shower facility, and hospital grade HEPA filtration system. Great location close to Vertical World Climbing Gym, Discovery Park, and many great restaurants and breweries. This is an excellent opportunity for an investor or owner-user to acquire an updated property with stabilized income from long-term tenants. The current cap rate w/ in-place below market rent is 5.30%. Cap rate increases to over 8% once 3 small available suites are leased. Please don't disturb current tenants.
Features of 4241 21st Avenue W
| MLS® # | 2321503 |
|---|---|
| Price | $3,500,000 USD |
| Acres | 0.28 |
| Year Built | 1979 |
| Type | Commercial Sale |
| Sub-Type | Commercial Industrial |
| Status | Active |
Community Information
| Address | 4241 21st Avenue W |
|---|---|
| Area | 700 - Queen Anne/Magnolia |
| Subdivision | Magnolia |
| City | Seattle |
| County | King |
| Province | WA |
| Postal Code | 98199 |
Amenities
| Parking Spaces | 23 |
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Interior
| Interior Features | Ceramic Tile, Concrete, Laminate, Wall to Wall Carpet |
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Exterior
| Exterior Features | Cement/Concrete, Wood Products |
|---|---|
| Foundation | Poured Concrete |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Windermere Real Estate Midtown |
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