2500 15th Ave W - Freestanding FOR SALE


Seattle, WA 98119- Queen Anne
$4,520,000 USD
206-518-9567
2500 15th Ave W, Seattle, WA for Sale
$4,520,000 USD
Freestanding - FOR SALE
1/9
null | 5% Cap Rate

2500 15th Ave W
Seattle, WA 98119
Queen Anne


HIGHLIGHTS

  • Sherwin-Williams is a national publicly traded tenant (SHW) with an investment grade credit rating of BBB from S&P Global Ratings
  • The property is located just 10 minutes from Seattle CBD, South Lake Union, and the area’s largest employers – Amazon, Nordstrom, and Expedia
  • The Interbay trade area is currently undergoing rapid change and seeing explosive growth and redevelopment
  • The pricing is at/near land value providing an excellent long-term development site
  • The lease is guaranteed by Sherwin Williams corporate, providing strong credit

OVERVIEW

The offering provides the opportunity to acquire a ±5,745 square foot single tenant Sherwin-Williams. Sherwin-Williams (SHW) is an investment grade tenant located in one of the most dynamic and highly sought after trade areas of Seattle. The asset is located minutes from downtown Seattle and South Lake Union, two blocks from Expedia’s 1.95-million SF headquarters, and in the heart of the dense, high-income neighborhoods of Queen Anne, Magnolia, and Ballard.

FOR SALE DETAILS

PRICE

$4,520,000 USD

PRICE/SF

$734 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin-Williams

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,500 SF

ZONING

C1-40

APN/PARCEL ID

277110-8020

ASK ABOUT THIS PROPERTY

Billy SleethNewmarkMore Info
206-518-9567

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Billy SleethNewmarkMore Info
206-518-9567

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.