Property Details

13036 Lake City Way NE

Seattle, WA 98125

$3,250,000

Available

CBA# 710414 courtesy of CBA Listing firm: Windermere Real Estate – M2 LLC

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Industrial

Property Type

8,586

Bldg Sq Ft

1961

Year Built

Property Overview

Seattle NNN Investment | 5.01% Cap | Long-Term Tenant | Rent GrowthSeattle NNN investment offering stable, predictable income from a long-term, recession-resistant tenant. Leased to Classic Collision through September 2031 with (3) five-year extension options, providing durability and long-term income security. Current base rent of $162,000 increases annually by 3%, growing the cap rate from 5.01% to approximately 5.81% over the initial lease term, with continued upside through the option periods. Functional multi-building auto facility positioned on high-traffic Lake City Way NE with strong visibility and excellent access to I-5, Northgate, and the University District. Zoned NC3-55 (M), allowing mixed-use redevelopment up to 55’, creating future flexibility and land value upside. Ideal