10033 13th Ave SW $1,650,000

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    10033 13th Ave SW West Seattle, WA 98146

    Sold
    SOLD 11/2/2018

    $1,650,000

    • 0.50 Acres
    • Commercial/Industrial
    • Listing# 1252330
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    Views: 202

    Property Details

    7% CAP RATE!!!!!! Multi-National (U.S. & Canada) NNN single tenant lease with a 7% annualized cap rate. Outstanding opportunity to purchase two fully leased industrial buildings (12,600 sq. Ft.) on a 21, 867 Sq. Foot ISO zoned property with 3 years remaining on lease (with one year option). Two tax parcels (#797320-2505 & #797320-2455). Updated and modern building in excellent condition. Excellent Investment Opportunity.

    • General Features
      • County King
      • Approx Building SqFt 12,600
      • Approx Office SqFt 3,600
      • Approx Whse/Mfg SqFt 9,000
      • Zoning Class Industrial-Light
      • Lot Dimensions 89 x 244
      • Style 61-Comm Bldg Ovr 10K
      • Total Covered Parking 20
      • Total Uncovered Parking 20
      • Zoning Jurisdiction County
    • Building Features
      • Exterior Metal/Vinyl, Wood
      • Foundation Poured Concrete
      • Roof Metal, Torch Down
      • Floor Covering Concrete, Vinyl
      • Heating and Cooling Forced Air, Wall
      • Ceiling Height 20
      • Loading 1-3 Bays, Grade
    • Property Features
      • Depth of Lot 244
      • Site Frontage 89
      • Expansion Area Y
      • Environment Survey N
      • Water-Sewer-Garbage 1604
      • Sewer Sewer Connected
      • Sewer Company City of Seattle
      • Energy Source Electric, Natural Gas
      • Power Company Seattle City Light
      • Number of Available Pads 0
      • Pad Ready N
      • Lot Square Footage 21,867
    • Financials
      • Free and Clear Y
      • Vacancy Rate 0
      • Total SqFt Rented 12,600
      • Total Monthly Rent $10,465
      • Gross Rent Multiplier 12
      • Cap Rate -NOI div LP 7.00
      • Gross Scheduled Income $152,005
      • Gross Adjusted Income $152,005
      • Total Expenses $26,365
      • NOI $125,640
      • Electrical Expenses $4,810
      • Tax Expense $15,748
      • Heating Expense $0
      • Insurance Expense $4,203
      • Other Expenses $0
      • Tax Year 2018
      • Annual Assoc. Dues $0

    Neighborhood

    98146 (West Seattle) Demographics

    37 Median Age
    5,902 Population Density (per sq. mile)
    36% College Educated
    $60,137 Estimated Median Income
    5,812 Estimated Total Home Owners
    3,858 Estimated Total Renters
    60% / 40% Estimated Owner / Renter Divide
    1 Estimated Average Household Size
    27,456 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $615,000 Median Sales Price
    20 Homes Sold
    34 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        11/2/2018 12:00:00 AM Sold Source New Value: $1,650,000

        About

        Mark Lewis Denniston

        Mark Lewis Denniston

        More information about me.

        About

        Bill Nelson

        Bill Nelson Insurance Agent

        More information about me.

        This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2020. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.



        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.