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8001 Greenwood Ave NSeattle, WA 98103
8001 Greenwood Building
Asset ClassRetail
Land: 0.17 AcresSquare Feet: 7,431Occupancy: 100%Access Data Room
100% Leased, Urban-Infill Investment Opportunity with Future Development Upside
overview of deal

Overview

The 8001 Greenwood Building is a prime investment opportunity featuring a fully leased, three-tenant property located in a highly sought-after Seattle neighborhood. This asset offers steady cash flow and the potential for developing a five-story mixed-use project.

 

With its exceptional location, below-market rents, and ease of management from full occupancy, the property offers excellent potential for both rental income growth and future development.

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Investment Highlights

  • Located in the heart of Greenwood
  • Prominent hard corner location at Greenwood Ave N and N 80th St
  • 100% leased
  • Below market rents
  • The site is ideal for mixed-use vertical development
  • 2.8 miles from the Northgate Light Rail Station
  • Long-standing, established tenant mix
  • Average household income of $200,000
  • Securing a prime corner in this trade area is exceptionally rare
  • The asking price provides an in-place 5% cap rate, and is equivalent to land value based on the future development potential

OFFERING DETAILS

Terms of the Offering
Purchase Price
$2,030,000
Year-1 NOI
$101,446
Year-1 Cap Rate
5.00%
Building Area
5,877 SF
Land Area
0.17 Acres
8001 Greenwood Ave NSeattle, WA 98103
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Listing provided by Revere CRE