Evergreen Bldg | 18021-18023 15th Ave NE
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Evergreen Bldg 18021-18023 15th Ave NE
4,872 SF 100% Leased Office Building Shoreline, WA 98155 $3,490,000 ($716/SF) 5.24% Cap Rate
Investment Highlights
- Heavy Traffic area
- Very low vacancy rate
- Class A building in Shoreline. Rare
Executive Summary
Current Lease Terms:
Suite 201 Physical Therapy 8/31/25
Suite 101 VACANT
Suite 100 Optometry 8/31/25
Suite 200 Chiropractic 12/31/27
Suite 201 Physical Therapy 8/31/25
Suite 101 VACANT
Suite 100 Optometry 8/31/25
Suite 200 Chiropractic 12/31/27
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,872 SF
Building Class
C
Year Built
1974
Price
$3,490,000
Price Per SF
$716
Cap Rate
5.24%
NOI
$182,958
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,436 SF
Building FAR
0.59
Lot Size
0.19 AC
Zoning
BC, Shoreline - Commercial Business
Parking
16 Spaces (3.28 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
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PROPERTY TAXES
| Parcel Number | 616390-0593 | Improvements Assessment | $64,000 |
| Land Assessment | $452,000 | Total Assessment | $516,000 |
PROPERTY TAXES
Parcel Number
616390-0593
Land Assessment
$452,000
Improvements Assessment
$64,000
Total Assessment
$516,000
Learn More About Investing in Office Space
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Presented by
John Tong
Evergreen Bldg | 18021-18023 15th Ave NE
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