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1135 Leary Wy NWSeattle, WA 98107
Ballard OfficeMax
Asset ClassRetail, Industrial
overview of deal

Overview

PURCHASE PRICE: BEST OFFER

BUILDING AREA: 23,500 SF

LAND AREA: 1.24 ACRES

 

  • THE OFFERING PROVIDES AN OPPORTUNITY TO RE-LEASE, REDEVELOP, OR OCCUPY THE BUILDING OR SITE.
  • OFFICEMAX WILL BE VACATING AT THE END OF THE LEASE TERM ON 12/31/2025.
  • OFFICEMAX IS CURRENTLY PAYING MONTHLY RENT OF $39,656 PROVIDING CASH FLOW THROUGH THE END OF THE LEASE TERM.
  • THE PROPERTY IS ZONED MML UI/65.
  • OFFICEMAX HAS SUCCESSFULLY OPERATED AT THE SITE FOR 30 YEARS AND THE BUILDING AND SITE HAVE BEEN WELL-MAINTAINED AND MANAGED.
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Investment Highlights

  • VALUE-ADD OPPORTUNITY
  • IN-PLACE INCOME UNTIL 12/31/25
  • HIGH BARRIERS TO ENTRY
  • RARE, SURFACE LEVEL PARKING
  • ADVANTAGEOUS ZONING DESIGNATION
  • EXCELLENT ACCESS & VISIBILITY
  • HIGH-PERFORMING RETAIL CORRIDOR
  • NO DEBT

 

1135 Leary Wy NWSeattle, WA 98107

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