10033 13th Ave SW

    Seattle, WA 98146
    • $1,795,000
    • STATUS: Pending Feasibility
    • ON SITE: 200 days
    • ID#: 1252330
    Under Contract
    $1,795,000
    • 0
      BEDS
    • 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1972
    County:

    School Ratings & Info

    Listing Courtesy of Berkshire Hathaway Hs Nw.

    Description

    7% CAP RATE!!!!!! Multi-National (U.S. & Canada) NNN single tenant lease with a 7% annualized cap rate. Outstanding opportunity to purchase two fully leased industrial buildings (12,600 sq. Ft.) on a 21, 867 Sq. Foot ISO zoned property with 3 years remaining on lease (with one year option). Two tax parcels (#797320-2505 & #797320-2455). Updated and modern building in excellent condition. Excellent Investment Opportunity.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Homes on the Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-09-22T00:19:03.453.

    www.homesonthesound.com/homes/81270614

    10033 13th Ave SW Seattle, WA 98146

    • Price: $1,795,000
    • Status: Pending Feasibility
    • ID#: 1252330
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.5
    Acres
    1972
    Built
    Neighborhood:
    White Center
    County:
    King
    Area:
    Burien/Normandy Park
    Property Description
    7% CAP RATE!!!!!! Multi-National (U.S. & Canada) NNN single tenant lease with a 7% annualized cap rate. Outstanding opportunity to purchase two fully leased industrial buildings (12,600 sq. Ft.) on a 21, 867 Sq. Foot ISO zoned property with 3 years remaining on lease (with one year option). Two tax parcels (#797320-2505 & #797320-2455). Updated and modern building in excellent condition. Excellent Investment Opportunity.
    Exterior Features

    Building Condition Very Good Exterior Metal/VinylWood Foundation Poured Concrete Loading 1-3 BaysGrade Lot Depth 244 Lot Dimensions 89 X 244 Lot Topography And Vegetation Level Roof MetalTorch Down Site Frontage 89 Style 61 - Comm Bldg Ovr 10K Total Covered Parking Spaces 20 Total Uncovered Parking Spaces 20 Waterfront Footage 9000

    Interior Features

    Building Sq Ft 12600 Ceiling Height 20 Floor Covering ConcreteVinyl Heating And Cooling Forced AirWall Office Sq Ft 3600 Total Sq Ft Rented 12600

    Property Features

    Assessed Value Improvements 533700 Assessed Value Land 393500 Assessed Value Total 927200 Assessed Value Year 2018 Available Pads 0 Bank Owned No Boundary Survey 7.00 Cap Rate N Electrical Expenses 4810 Energy Source ElectricNatural Gas Environment Survey N EPSEnergy 0 Expansion Area Y Form17 Provided Free And Clear Y General Zoning Classification Industrial-Light Gross Adjusted Income 152005 Gross Rent Multiplier 12 Gross Scheduled Income 152005 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 4203 Lot Number 5615 & 16 Net Operating Income 125640 Other Expenses 0 Pad Ready N Possession Sub. Tenant's Rights Power Company Seattle City Light Power Service Amps 0 Right Of First Refusal Yes Sewer Sewer Connected Sewer Company City Of Seattle Tax Amount 15748 Tax Year 2018 Terms Cash OutConventionalOwner Financing Third Party Approval Required None Total Expenses EXP 26365 Total Expenses TEX 26365 Total Monthly Rent 10465 Vacancy Rate 0 Water Company City Of Seattle Water Sewer Garbage 1604 Water Source Public Zoning Jurisdiction County

    Listing information © 2018 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Homes on the Sound and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Homes on the Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-09-22T00:19:03.453.

     
    Homes on the Sound
    33434 8th Ave South, Ste 103
    Federal Way WA, 98003
    Listing Courtesy of Berkshire Hathaway Hs Nw.