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Off Market
1/8

4847 California Ave SW
Seattle, WA 98116


HIGHLIGHTS

  • 2,415 SF commercial office condo in the heart of West Seattle's Alaska Junction
  • 12+ ft ceilings, fully sprinklered, air conditioned, 4 deeded parking stalls & a 200+ SF deeded storage unit located across the hall from the unit
  • Currently configured with 4 private offices, large conference room, 2 private restrooms, kitchenette and break area
  • Over 96 feet of street frontage on California Ave SW
  • Currently leased to two long-term tenants at below market rate rent
  • Owner has the ability to terminate one or both of the leases w/ 6-months notice - or do nothing & continue to collect over $66,500/Yr w/ ann. increase

OVERVIEW

Exceptional opportunity to own a 2,415 SF street-level commercial condo in West Seattle's Alaska Junction. This commercial condo has excellent visibility w/ 96 ft of street frontage on California Ave SW. Currently configured as an office with 4 private offices, conference room, 2 private restrooms, kitchenette, A/C, 12 ft ceilings, fully sprinklered, 4 dedicated parking stalls & a huge storage unit. Leased to long-term tenants (CPA & Law Firm) at below market rent on a NNN lease through 12/31/29. However, owner has the right to terminate the lease w/ 6 months notice. Rare opportunity for an investor seeking stable cash flow or an owner-user planning future occupancy, as this unit offers tons of versatility as either an office or retail use.

FOR SALE DETAILS

PRICE

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# OF UNITS

-

CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

Commercial Condo

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

32000

STORIES

5

YEAR BUILT

2003

PARKING SPACES

4

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

769740-0010