10033 13th Ave SW $1,650,000
10033 13th Ave SW West Seattle, WA 98146
- 0.50 Acres
- Commercial/Industrial
$1,650,000
Property Details
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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General Features
- County King
- Zoning Class Industrial-Light
- Zoning Jurisdiction County
- Style 61-Comm Bldg Ovr 10K
- Approx Building SqFt 12,600
- Approx Whse/Mfg SqFt 9,000
- Approx Office SqFt 3,600
- Total Uncovered Parking 20
- Total Covered Parking 20
- Lot Dimensions 89 x 244
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Building Features
- Exterior Metal/Vinyl, Wood
- Foundation Poured Concrete
- Roof Metal, Torch Down
- Floor Covering Concrete, Vinyl
- Heating and Cooling Forced Air, Wall
- Ceiling Height 20
- Loading 1-3 Bays, Grade
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Property Features
- Lot Square Footage 21,867
- Depth of Lot 244
- Site Frontage 89
- Expansion Area Y
- Environment Survey N
- Water-Sewer-Garbage 1604
- Sewer Sewer Connected
- Sewer Company City of Seattle
- Energy Source Electric, Natural Gas
- Power Company Seattle City Light
- Number of Available Pads 0
- Pad Ready N
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Financials
- Free and Clear Y
- Vacancy Rate 0
- Total SqFt Rented 12,600
- Total Monthly Rent $10,465
- Gross Rent Multiplier 12
- Cap Rate -NOI div LP 7.00
- Gross Scheduled Income $152,005
- Gross Adjusted Income $152,005
- Total Expenses $26,365
- NOI $125,640
- Electrical Expenses $4,810
- Tax Expense $15,748
- Heating Expense $0
- Insurance Expense $4,203
- Annual Assoc. Dues $0
- Other Expenses $0
- Tax Year 2018
Neighborhood
98146 (West Seattle) Demographics
Market Last 30 Days
Average Days on Market
Properties for Sale
Property History
| Date | Price |
|---|---|
| -- | |
| 11/2/2018 12:00:00 AM | New Value: $1,650,000 |
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This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol:
provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.