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22059603
22059604

8001 Lake City Way NE, Seattle, WA 98115

MB
CA CA 02154868
Matthews
AB
Pacific Commercial Brokers
Listed by Matthews, Pacific Commercial Brokers
$1,899,000
464 days on market
Updated 72 days ago

RETAIL/OFFICE STRIP CENTER

Details
Property Type Office, Retail
Sub Type Shopping Center
Square Footage 4,051
Units 5
Cap Rate 7.06%
NOI $134,123
Occupancy 100%
Price per SqFt $488
Year Built 1923

Office | 6.26% CAP | PRIME HIGH-VISIBILITY LOCATION

Investment highlights

  • PRIME HIGH-VISIBILITY LOCATION – Strategically positioned at the high-traffic intersection of Lake City Way (Highway 522) and NE 80th Street, this premier retail asset enjoys exceptional
    exposure, with approximately 34,555 vehicles passing by daily. This steady flow of traffic maximizes visibility for tenants, driving consistent customer engagement and business growth. Additionally, the property benefits from strong frontage along a major arterial route, ensuring unparalleled access and prominence in one of Seattle’s key commercial corridors.

  • Excellent Connectivity to Major Routes – Ideally positioned just a few blocks from Interstate 5, this property offers seamless access to one of the region’s primary transportation arteries. Its strategic location enhances convenience for customers, employees, and deliveries, ensuring efficient connectivity to downtown Seattle, surrounding neighborhoods, and the greater Puget Sound area. This accessibility strengthens tenant appeal and supports sustained business activity.

  • Affluent Demographics with Robust Consumer Spending – Situated in Seattle’s Lake City neighborhood, this property is surrounded by a high-income community, with an average household income of $159,089 within a one-mile radius as of 2024. This affluence translates into substantial consumer expenditure, with total annual spending in the surrounding area reaching approximately $438 million. The combination of strong purchasing power and steady consumer demand makes this location highly attractive for businesses, providing an ideal environment for susained tenant success.

Listing Contacts

MB
CA CA 02154868
Matthews
AB
Pacific Commercial Brokers
Listed by Matthews, Pacific Commercial Brokers

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$134,123.00
$11,176.92/mo

Valuation Metrics

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DSCR
7.06%
Cap Rate
7.06%
ROI

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Additional Information

Name
Brian Brockman
License
21256 (WA)
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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