3104 Western Ave - Parking Lots & Garages FOR SALE


Seattle, WA 98121- Belltown
$2,625,000 USD
206-228-8855
3104 Western Ave, Seattle, WA for Sale
$2,625,000 USD
Parking Lots & Garages - FOR SALE
1/2
null | 6.5% Cap Rate

3104 Western Ave
Seattle, WA 98121
Belltown


HIGHLIGHTS

  • Out-of-town seller willing to carry the contract with 40% down payment
  • Located within a well-maintained building
  • 40-50 spaces occupied by Northwest Work Lofts, a 215,000-SF office building across the street with no parking

OVERVIEW

Note: Figures shown are pro forma. A unique opportunity to acquire a parking condominium located within a Class A condominium building in Seattle. Well located, 72-stall parking garage located in Belltown, blocks to Seattle’s waterfront and Seattle Center. Secure access parking with 69 car spaces and 3 dedicated motorcycle stalls. Current monthly parking rates are below market with immediate upside potential allowing for a likely 6% cap rate.

FOR SALE DETAILS

PRICE

$2,625,000 USD

PRICE/SF

$131 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trio Building Garage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Parking Lots & Garages

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Dan StutzKidder MathewsMore Info
206-228-8855

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Dan StutzKidder MathewsMore Info
206-228-8855

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