2500 15th Ave W - Freestanding FOR SALE


Seattle, WA 98119- Queen Anne
$4,400,000 USD
206-898-5953
2500 15th Ave W, Seattle, WA for Sale
$4,400,000 USD
Freestanding - FOR SALE
1/16
null | 5.12% Cap Rate

2500 15th Ave W
Seattle, WA 98119
Queen Anne


HIGHLIGHTS

  • INVESTMENT-GRADE, CORPORATE-GUARANTEED LEASE
  • LONG-TERM LEASE COMMITMENT
  • OUTSTANDING URBAN LOCATION
  • FUTURE REDEVELOPMENT OPPORTUNITY
  • RECENT 15 YEAR LEASE RENEWAL

OVERVIEW

The offering provides the opportunity to acquire a ±5,745 square foot single-tenant Sherwin-Williams. Sherwin-Williams (SHW) is an investment-grade tenant located in one of the most dynamic and highly sought-after trade areas of Seattle. The asset is located minutes from downtown Seattle and South Lake Union, two blocks from Expedia’s 1.95 million square foot headquarters, and in the heart of the dense, high-income neighborhoods of Queen Anne, Magnolia, and Ballard. In 2025, Sherwin-Williams executed a brand-new 15-year lease extension, securing 17 years of remaining term with scheduled rent escalations and options extending through 2052.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$714 USD /SF

CAP RATE

5.12%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,500 SF

ZONING

C1-40

APN/PARCEL ID

277110-8020

ASK ABOUT THIS PROPERTY

Mattie TonsethNewmarkMore Info
206-898-5953

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Mattie TonsethNewmarkMore Info
206-898-5953

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.