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Westlake at Republican Bldg 425 Westlake Ave N

25,922 SF 100% Leased Retail Building Seattle, WA 98109 $18,500,000 ($714/SF) 7.57% Cap Rate

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Executive Summary

425 Westlake Ave N, located in Seattle’s South Lake Union Neighborhood is a two story 25,920 SF mixed use building.This asset is currently available as a future redevelopment site or as a purchase and hold income producing property. Potential Redevelopment could include either a high rise tower with a maximum 280 foot height restriction, or a podium style eight story mixed use development project. This property currently generates $1.4 Million of net income annually between Tesla, re:public, and Product Creation Studio.

425 Westlake OM sept new 2024