115 North Building

115 N 85th St Seattle WA 98103

Listing #: 606460 | Status: Changed | Last Modified: 3/7/2019 |

For Sale

115 N 85th St Seattle WA 98103

115 North Building
Agent Information
Showing Instructions
Call Listing AgentYes
Use DiscretionYes

Laura Miller

(206) 351-3573

Connor Sims

(253) 797-3896

Gibraltar, LLC

(206) 367-6080

Listing Information
Listing Price$ 4,250,000
$/SF$ 351.01
Listing StatusChanged
Days On Market63
Asset ClassRetail, Office
Search TagsGym/Rec Center, Medical/Dental, Multi-Tenant, Showroom, Stand-Alone, Street Retail, Data Center/Call Center, Salon/Spa
Investment Information
Investment TypeActual
Investment PropYes
Gross Income$ 285,823
Vacancy Factor %0.00%
Operating Expenses$ 48,175
Net Operating Income$ 237,648
CAP Rate5.59 %
Documents (Num of Years Available)
Profit/Loss Years3
Balance Sheet Years1
YTD Operating StatementYes
Sanitary Sewer City
Water City
Electricity City
Storm Sewer City
Retail Information
Signage Signage on Building
Property Information
Building Information
Building StatusExisting
# of Buildings1
# of Floors2
# of Units4
Total Building Sq/ft12,108
Net Rentable Area12,108
Total Office Sq/ft5,402
Largest Continuous Sq/ft5,402
Lot Sq/ft10,870
Property Type
Property TypeMixed Use
Market AreaGreenlake
Tax ID #2919201260
Year Built1969
Year Renovated2017
Construction TypeConcrete, Wood


Public Comments: Gibraltar is proud to present for sale the 115 NORTH BUILDING located at 115 North 85th Street in Seattle's vibrant Greenwood neighborhood. This rare investment opportunity is offered at ABOVE a 5.6 CAP rate and features many recent upgrades (completed 2017-2018) including a new roof, new HVAC, new copper plumbing, new TI's and more!! Currently this stable investment includes 3 long term, well established tenants, 15 on site parking stalls and an opportunity for owner-occupant in the recently vacated 2,500 sq ft street level suite. Zoning: NC2P-40 (Possible up-zone to NC2-P55 subject to City of Seattle up-zone. City Council vote is currently scheduled for Q1 2019)

Showing Instructions: Call listing agent for more information

Public Building Comments: Two story office/retail building, renovated in 2017.

Search Tags: Gym/Rec Center, Medical/Dental, Showroom, Street Retail,

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