Property Details

321 Broadway E

Seattle, WA 98102

$6,200,000

Available

CBA# 705829 courtesy of CBA Listing firm: Kidder Mathews

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Office / Retail

Property Type

15,560

Bldg Sq Ft

Units

1910

Year Built

Property Overview

Casa Del Rey is a 27-unit mixed-use asset with three retail shops, including a T-Mobile lease, in the heart of Capitol Hill on an iconic street. Residents step out the front door and are blocks from the Link Light Rail Station, Cal Anderson Park, and the Pike/Pine retail corridor. Apartments average 517 SF and enjoy one of Seattle’s most walkable, amenity-rich locations. Strong in-place cash flow with a clear path to a 7.5% cap by lifting average rents ~9.8% to current high-water marks. Seller will consider attractive below-market seller-financing terms; inquire for details.