Listed by Newmark - Seattle
Unpriced
Pine & Boylston
Details
APN 880490-0480, 880490-0455
Property Type Retail, Office
Sub Type Storefront, Creative Office
Square Footage 36,471
Net Rentable (SqFt) 36,471
NOI $1,224,058
Occupancy 100%
Tenancy Multi
Brand/Tenant Rudys, Break Away Steals
Rent Bumps Yes
Class B
Year Built 1922
Year Renovated 2022
Buildings 2
Stories 3
Acreage 0.330
Zoning NC3P-75(M)
Investment Type Stabilized
Tenant Credit Credit Rated, Franchisee
Ground Lease No
Ownership AP PINE AND BOYLSTON LLC
Sale Condition N/A
For Sale | Pine & Boylston | 100% Leased Two-Building Multi-Tenant Investment Opportunity in Seattle
Marketing description
Pine & Boylston presents two fully leased assets totaling 36,471 SF at E Pine Street and Boylston Avenue — one of the most heavily trafficked areas in Capitol Hill’s Pike/Pine corridor. The portfolio generates $1,224,058 in Year 1 NOI anchored by Henry’s Gymnasium (NNN, Nov 2035) and Enterprise Rent-A-Car, with all tenants carrying contracted rental increases. Located four blocks from the Capitol Hill Link station with direct access to Seattle’s CBD, South Lake Union, and Amazon’s Global HQ, the assets sit within one of Seattle’s most supply-constrained neighborhoods. Offered together or individually on a best-offer basis.
Investment highlights
- 100% Leased | 36,471 SF Across Two Assets
- At the Heart of Pike/Pine Corridor: 2.1M Annual Visits Within a 500- Foot Radius (Placer.ai)
- Walk Score 99 | Transit Score 96: ±4 Blocks to Capitol Hill Link Station
- 335,000+ Jobs Within 1 Mile: Direct Access to CBD, South Lake Union & Amazon’s Global HQ
- Long-Term NNN Fitness Anchor: Henry’s Gymnasium | Expires Nov 2035
- Enterprise Rent-A-Car: National Credit Tenant | Leased Through 2035
- Foundations — Seattle’s Premier Startup Community: Sole Office Tenant | Recent Expansion
- All Tenants have Contracted Rental Increases
- Supply-Constrained Submarket High Barriers to Entry | NC3P- 75(M) Zoning
- Offered as a Portfolio or Individually
Listing Contacts
Listed by Newmark - Seattle
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$1,224,058.00
$102,004.83/mo
Valuation Metrics
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