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4217 University Wy NESeattle, WA 98105
The Ave
Asset ClassRetail
overview of deal

Overview

The Offering is a 100% leased, five tenant retail asset located on “The Ave” in the heart of the University District. The Offering benefits from a “forever location” and serves as the main corridor for the adjacent dense residential neighborhoods, University of Washington students and staff, and an urban retail destination for the greater Seattle region. The Offering contains secure cash flow, contracted rental increases, below market rents, and future vertical development upside.

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Investment Highlights

  • A+ LOCATION
  • HIGH-DENSITY AND HIGH-INCOME TRADE AREA
  • SURROUNDING NATIONAL CREDIT TENANTS
  • CLOSE PROXIMITY TO UNIVERSITY OF WASHINGTON
  • AGGRESSIVE TRADE AREA DEVELOPMENT AND GROWTH
  • 100% OCCUPANCY
  • BELOW MARKET RENTS
  • CONTRACTED RENTAL INCREASES
  • ONE OF THE FASTEST-GROWING MAJOR TRADE AREAS
4217 University Wy NESeattle, WA 98105

Sales Team

Billy SleethExecutive Managing Director(206) 250-3944billy.sleeth@nmrk.com
Tim O'KeefeExecutive Managing Director, Market Director(425) 362-1401tim.okeefe@nmrk.com

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Listing provided by Revere CRE