800-801 S Michigan Street

800 - 801 S Michigan St Seattle WA 98108

Listing #: 581186 | Status: Pending | Last Modified: 4/24/2017 |

For Sale

800 - 801 S Michigan St Seattle WA 98108

Agent Information
Showing Instructions
Call Listing AgentYes
Use DiscretionNo

Tamir Ohayon

(425) 586-5627
tohayon@nai-psp.com

Bob Swain, CCIM

(206) 332-1482
bswain@nai-psp.com

John Vernon

(425) 586-5638
jvernon@nai-psp.com

NAI Puget Sound Properties

(425) 586-5600

Listing Information
Price
Listing Price$ 5,550,000
$/SF$ 170.31
Listing StatusPending
Days On Market107
Asset ClassOffice, High Tech-Flex
Investment Information
Investment PropYes
Gross Income$ 467,626
Vacancy Factor %5.00%
Operating Expenses$ 1
Net Operating Income$ 444,243
CAP Rate8.0 %
Property Information
Building Information
Building StatusExisting
# of Buildings2
# of Floors2
Total Building Sq/ft32,588
Net Rentable Area32,588
Total Office Sq/ft32,588
Lot Sq/ft65,340
Acres1.5
Property Type
Property TypeOffice
Building ClassC
Location
CountyKing
Market AreaS. Seattle
Tax ID #2738100500
Construction
Year Built1958
Year Renovated2010

Public Comments: Two newly remodeled (2010) office buildings with under market lease rates. In the heart of the desirable Georgetown within close proximity to I-5 and Hwy 99. Great, stable and established tenant mix: 4 tenants total. Ample parking (approx. 130 stalls). Financial information available upon receipt of Confidentiality Agreement.

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