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
laura@gibraltarusa.com

Connor Sims

(253) 797-3896
connors@gibraltarusa.com

Gibraltar, LLC

(206) 367-6080

Listing Information
Price
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
Utilities
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
Acres0.25
Property Type
Property TypeMixed Use
InvestmentYes
Location
CountyKing
Market AreaGreenlake
Tax ID #2919201260
ZoningNC2P-40
Construction
Year Built1969
Year Renovated2017
Construction TypeConcrete, Wood

115 NORTH BUILDING

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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