- Listing #:
- 2275098
- Price:
- $1,550,000
- Status:
- Active
- Property Type:
- Commercial
- Type:
- Comm Bldg Und 10K
- # of Acres:
- 0.10
- Year Built:
- 1987
- Comm/Assn:
- Magnolia
- City:
- Seattle
- County:
- King
- State:
- WA
- Zip:
- 98199
- Right of 1st Refusal:
- No
QR Code
Description
3,799 SF stand-alone concrete tilt-up industrial/flex building for sale in Magnolia's industrial hub. The 2,712 SF 1st floor features clear span warehouse space with 24 ft ceilings, roll-up loading door, floor drain, utility closet, restroom and tap room with ample seating. The 2nd floor consists of nearly 1,100 SF and features a kitchenette, restroom, storage room, and a large open seating area for 30+ people with a window overlooking the brewery in the the warehouse below. The property also has outdoor seating, storage, parking, HVAC and a 10-yr Durolast roof warranty. Currently leased to a single tenant on a NNN lease until 7/31/2026. Excellent investment property or owner-user property with interim income!
Property Features
- Building Features:
- - Storage
- Cap Rate:
- - 4.69
- Cooling Y/N:
- - Yes
- Covered Spaces:
- - 1
- Exterior Features:
- - Cement/Concrete
- :
- - Level
- - Sloped
- Foundation Details:
- - Poured Concrete
- Gross Scheduled Income:
- - $88,055.00
- Heating Y/N:
- - Yes
- Insurance Expense:
- - $865.00
- Interior Features:
- - Concrete
- - Laminate Hardwood
- - Laminate Tile
- Net Operating Income:
- - $72,781.00
- Approx. Building Sq.Ft.:
- - 3,799.00
- Approx. Office Sq.Ft.:
- - 1,087.00
- Approx. Warehouse/Manufacturing Sq.Ft.:
- - 2,712.00
- Block:
- - 77
- Boundary Survey:
- - true
- Ceiling Height:
- - 24
- Environmental Survey:
- - true
- Gross Rent Multiplier:
- - 17
- Loading:
- - 1-3 Bays
- Parking Uncovered Total:
- - 5
- Power Company:
- - Seattle City Light
- Sewer Company:
- - Seattle Public Utilities
- Style Code:
- - 60 - Comm Bldg Und 10K
- Total Expenses:
- - 15273
- Total Monthly Triple Net:
- - 1273
- Total Sq. Ft. Rented:
- - 3799
- Water Company:
- - Seattle Public Utilities
- Zoning Class:
- - Commercial
- - Industrial
- - Industrial-Light
- - Office
- - Retail
- Zoning Jurisdiction:
- - City
- Other Expense:
- - 5132
- Parcel Number:
- - 2770606110
- Possible Use:
- - Commercial
- - Industrial
- - Office
- - Retail
- Property Condition:
- - Good
- Structure Type:
- - Unspecified
- Annual Tax Amount:
- - $9,276.00
- Tax Year:
- - 2024
- Total Actual Rent:
- - 6065
- Water Source:
- - Public