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FOR SALE - Listing #: 569234
Jefferson Square
4700 - 0 42nd Ave SW, Seattle WA98116
Agent Remarks
This property was originally built in 1987 but completely renovated, including 100% new exterior cladding, in 2015. It is essentially a new property inside & out. Elan 41 sits above the Jefferson Square shopping center and office tower on a land lease that runs another 68 years. There is a right to convert the lease to fee simple (as essentially a condo element) however due to the lease rent and other provisions it is favorable to the investor to continue the lease in place. Below the retail level is the secured parking garage, accessed by 2 private elevators. There is a fitness room, a large club room, and a business center along with nicely appointed community outdoor areas. The entire renovation emphasized low maintenance construction materials destined to last a very long time.
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County
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King
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Market Area
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West Seattle
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Tax ID #
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7579200260
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Price
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$ 24,500,000
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Property Details
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Prop Type
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Office
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# Floors
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6
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Bldg SF
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70,420
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Year Built
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1987
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Land SF
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70,567
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# Bldgs
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2
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Acres
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1.62
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# Parking Spaces
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0
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Office Class
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B
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Informational Links
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