4241 21st Ave Seattle, WA 98199 – Fisheries Building at Salmon Bay in Interbay

Fisheries Building at Salmon Bay in Interbay (Status: Pending) 3500000

4241, 21st Ave, Seattle, WA  98199

96% leased remodeled office building with ample parking, This 4-story office building features a secured lobby entrance, 23+ off-street parking spaces, building conference room, shower facility, hospital grade HEPA filtration system and incredible views of the Ship Canal and Fisherman’s Terminal from every floor. Great location close to Vertical World Climbing Gym, Discovery Park, and many great restaurants and breweries. This is an excellent opportunity for an investor or an owner-user to acquire an updated property with stabilized income from long-term tenants with below market rents. The current cap rate with in-place below market rent and vacancy is 5.30%. Cap rate increases to over 8% once 3 small suites are leased. Please don’t disturb current tenants.

Listing Details

Asset Class: Office,High Tech-Flex
Year Built: 1979
Building Total Square Feet: 22365
Available Lease Space Square Feet: 20778
Number of Floors: 4
Total Parking Spaces: 23
Local Zoning Information: MML-U/65

Listing Courtesy of: Windermere-Midtown Commercial

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.