2012 E Union St | Seattle, WA 98122
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2012 E Union St
Seattle, WA 98122
Office Property For Sale
Investment Highlights
- Real Estate taxes are $3,580 (2024)
- Offering Price: 750,000, a 5.6% Cap Rate.
Executive Summary
972 Square feet of Building on two levels with an open loft layout and high ceilings. South facing large windows allowing for abundance of natural light. Very unique design built in 2009 as a 4 unit office/retail loft development, no HOA dues. Sale Lease back from Mercanta North America LLC who is an importers of specialty Coffee from across the globe. www. coffeehunter.com. At closing, the Seller will sign a 5 year lease at $3,500 per month +NNN with a 2.5 year lease cancelation clause by either Seller or Buyer. Nice build out as a coffee tasting room and kitchen area and bathroom on the main floor. Loft office with space for 3 work stations. Possible conversion to a work-live building creating two units, similar to the unit on the East. Located on the boarder of Capitol Hill and the Central District
across the street from Chuck’s Hop Shop and many new apartment developments.
across the street from Chuck’s Hop Shop and many new apartment developments.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
972 SF
Building Class
B
Year Built
2009
Price
$735,000
Price Per SF
$756
Cap Rate
5.71%
NOI
$42,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
486 SF
Slab To Slab
12’
Building FAR
0.86
Lot Size
0.03 AC
Zoning
NC2P-40 (M)
Amenities
- Bus Line
PROPERTY TAXES
Parcel Number | 722850-1713 | Improvements Assessment | $71,600 |
Land Assessment | $300,700 | Total Assessment | $372,300 |
PROPERTY TAXES
Parcel Number
722850-1713
Land Assessment
$300,700
Improvements Assessment
$71,600
Total Assessment
$372,300
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