310-694-3180
907 NW Ballard Way, Seattle, WA for Sale
Supermarket - FOR SALE
1/5
null | Request Cap Rate

907 NW Ballard Way
Seattle, WA 98107
West Woodland


HIGHLIGHTS

  • Prototypical Neighborhood Center
  • Outstanding Credit Tenant Profile
  • Streamlined Management With Limited Tenants
  • Vibrant, Quickly Densifying Community
  • Highly Desirable Location Within Seattle Trendy Ballard Neighborhood

OVERVIEW

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire The Terminal at Ballard a 38,490 square foot, neighborhood shopping center located at 907 NW Ballard Way, Seattle, Washington 98107. The Property is currently 100% leased / under LOI to a diverse tenant roster that includes a brand new sublease to HMart, under sublease from Amazon until 2038, with fortress credit representing roughly 62% of the in-place NOI. The Terminal at Ballard benefits from strong surrounding demographics with average household incomes surpassing $193,000 for 256,202 people in a 3-mile radius. Optimally located off of two main retail corridors, the Ballard Bridge (37,804 VPD) and Leary Way Northwest (14,683 VPD), the Property also benefits from its proximity to tech giants Google and Adobe. Ballard has seen significant growth recently, with 686 new multi-family units delivered in the past 12 months. At less than 10 years old, the Property requires minimal future capital expenditures.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

89

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

-

APN/PARCEL ID

276830-2930

ASK ABOUT THIS PROPERTY

310-694-3180

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310-694-3180

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