206-999-9161
4241 21st Ave W, Seattle, WA for Rent

$20.00 USD /SF/yr

Office - For Rent
1/40
3,468 SF | 1 Space

4241 21st Ave W
Seattle, WA 98199


HIGHLIGHTS

  • 96% leased remodeled office building with ample off-street parking
  • Actual in-place cap rate of 5.3%with below market rents and current vacancies
  • Excellent views and location close to Vertical World Climbing Gym, Discovery Park & Fisherman's Terminal
  • Updated building systems and building amenities include a common conference room and kitchenette, shower facilities, bike storage/parking
  • 23+ off-street parking spaces including 8 covered parking and guest parking
  • Excellent views and location close to Vertical World Climbing Gym, Discovery Park & Fisherman's Terminal

OVERVIEW

96% leased remodeled office building with ample parking, This 4-story office building features a secured lobby entrance, 23+ off-street parking spaces, building conference room, shower facility, hospital grade HEPA filtration system and incredible views of the Ship Canal and Fisherman's Terminal from every floor. 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 an owner-user to acquire an updated property with stabilized income from long-term tenants with below market rents. The current cap rate with in-place below market rent and vacancy is 5.30%. Cap rate increases to over 8% once 3 small suites are leased. Please don't disturb current tenants.

RENTAL DETAILS

SPACE AVAILABLE

3,468 SF

# OF SPACES

1

RENT/MONTH

$5,780 USD /mo

RENT RATE (MO)

$1.67 USD /SF/mo

RENT RATE (YR)

$20.00 USD /SF/yr

LEASE TYPE

Triple Net

LEASE LENGTH

Negotiable

AVAILABLE

Now

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

20,778 SF

BUILDING CLASS

B

YEAR BUILT

1979

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

MML U/65

ASK ABOUT THIS PROPERTY

Lauren HendricksWindermere CommercialMore Info
206-999-9161

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Lauren HendricksWindermere CommercialMore Info
206-999-9161

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