3101-3105 W Jameson St
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3101-3105 W Jameson St
2,600 SF 100% Leased Retail Building Seattle, WA 98199 $899,000 ($346/SF) 5.04% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied
- Below market rents makes property strong value add candidate.
EXECUTIVE SUMMARY
BRING ALL OFFERS Income producing property with steady rents located in one of Seattle’s desired Magnolia neighborhoods near the Lawton Park area . Operate it as-is or redevelop with NC155(M) Zoning and a 5398 sf lot. Property is being sold "AS IS ". Seller has no information or reports as to the condition of the property. Current rents are under market and all tenants are current on their rents. Property represents strong value add potential with pro forma market cap rate at 4.96%.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
2,600 SF
Building Class
C
Year Built
1961
Price
$899,000
Price Per SF
$346
Cap Rate
5.04%
NOI
$45,311
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Lot Size
0.12 AC
Zoning
NC140
Parking
12 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
101 FT on Jameson St
AMENITIES
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 701070-0620 | Improvements Assessment | $1,000 |
| Land Assessment | $1,079,600 | Total Assessment | $1,080,600 |
PROPERTY TAXES
Parcel Number
701070-0620
Land Assessment
$1,079,600
Improvements Assessment
$1,000
Total Assessment
$1,080,600
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3101-3105 W Jameson St
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