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Fisheries Bldg at Salmon Bay in Interbay 4241 21st Ave W
20,778 SF 83% Leased Office Building Seattle, WA 98199 $3,500,000 ($168/SF) 5.30% Cap Rate
Investment Highlights
- 96% leased remodeled office building with ample off-street parking
- Cap Rate increases to over 8% once 3 small spaces are leased at $20/SF/YR NNN
- 23+ off-street parking spaces including 8 covered parking and guest parking
- Actual in-place cap rate of 5.30% with below market rents and current vacancies
- Updated building systems and building amenities include a common conference room and kitchenette, shower facilities, bike storage/parking
- Excellent views and location close to Vertical World Climbing Gym, Discovery Park & Fisherman's Terminal
Executive Summary
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Bus Line
- Controlled Access
- Conferencing Facility
- Security System
- Signage
- Skylights
- Kitchen
- Accent Lighting
- Storage Space
- Demised WC facilities
- High Ceilings
- Direct Elevator Exposure
- Natural Light
- Plug & Play
- Shower Facilities
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
2nd floor corner office suite for lease in a well-maintained and remodeled office building. The Suite features a welcoming reception area, large open work areas, multiple private offices, tons of natural light and views of the Ship Canal and Fisherman's Terminal. Building features include a secured lobby entrance, building conference room, kitchenette, shower facility and bike storage. Excellent location close to Vertical World Climbing Gym, Discovery Park, and across the street from Fisherman's Terminal.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 204 | 3,468 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 204
| Size |
| 3,468 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 204
| Size | 3,468 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
2nd floor corner office suite for lease in a well-maintained and remodeled office building. The Suite features a welcoming reception area, large open work areas, multiple private offices, tons of natural light and views of the Ship Canal and Fisherman's Terminal. Building features include a secured lobby entrance, building conference room, kitchenette, shower facility and bike storage. Excellent location close to Vertical World Climbing Gym, Discovery Park, and across the street from Fisherman's Terminal.
PROPERTY TAXES
| Parcel Number | 277110-0445 | Total Assessment | $4,374,300 (2023) |
| Land Assessment | $1,440,000 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,934,300 (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
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Fisheries Bldg at Salmon Bay in Interbay | 4241 21st Ave W
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