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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29442966

17521 15th Ave NE, Shoreline, WA 98155

JW
WA 131599
West Coast Commercial Realty
Listed by West Coast Commercial Realty
$1,650,000
129 days on market
Updated 64 days ago

North City Business Center

Details
Property Type Office, Retail
Sub Type Creative Office
Cap Rate 6.61%
NOI $109,000

Office | 6.61% CAP

Marketing description

A rare opportunity to own a

stabilized cash flowing asset

with three long term tenants

near the corner of 15th Ave NE

and NE 175th Street.

In addition, this property serves as a pivotal part of a long

term land play/assemblage opportunity to develop a mixed-

use asset to serve the growing population spurred on by the

light rail station line and station at NE 185th St. Although

two of the three current tenants have occupied space in

this property for 10+ years. They are both up for renewal

in the next couple years which makes this a great owner

operator opportunity as well.

Investment highlights

A rare opportunity to own a

stabilized cash flowing asset

with three long term tenants

near the corner of 15th Ave NE

and NE 175th Street.

In addition, this property serves as a pivotal part of a long

term land play/assemblage opportunity to develop a mixed-

use asset to serve the growing population spurred on by the

light rail station line and station at NE 185th St. Although

two of the three current tenants have occupied space in

this property for 10+ years. They are both up for renewal

in the next couple years which makes this a great owner

operator opportunity as well.

Listing Contacts

JW
WA 131599
West Coast Commercial Realty
Listed by West Coast Commercial Realty

Valuation Calculator

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$109,000.00
$9,083.33/mo

Valuation Metrics

0
DSCR
6.61%
Cap Rate
6.61%
ROI

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Additional Information

Name
Jonathan Willett
License
131599
Brokerage Phone
2064504953
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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