Property Details

7301 5th Ave NE A

Seattle, WA 98115

$875,000

Available

CBA# 711018 courtesy of CBA Listing firm: Windermere Commercial Real Estate

Schedule a Showing

Select your date preference

Request More Info

I’d like more information about 7301 5th Ave NE A, Seattle, MLS# 711018

Office / Retail

Property Type

14,421

Bldg Sq Ft

Units

1999

Year Built

Property Overview

AMAZING PRICE REDUCTION! This ground-floor commercial condo is just 2 blocks from Greenlake in a thriving commercial district. Lovely finish work throughout, designed as a series of medical/therapy rooms, with a conference room, an ADA bath, a kitchen, and a private office with storage area. It is fully leased by a single tenant through April 2028, with a 5.25% CAP – even at the current below-market rental rate. Current tenant pays no NNN, and if option to extend is exercised, monthly rate can be increased substantially to reflect gross market rates (anticipate leap to CAP of 8%). Two designated covered parking spaces adjoin the space, and another parking space inside the secure underground parking garage is included in the title (elevator access to ground floor). Close to the new Sw