Seattle, WA 98107,3901 Leary WAY NW
Seattle, WA 98107,3901 Leary WAY NW
Seattle, WA 98107,3901 Leary WAY NW
Seattle, WA 98107,3901 Leary WAY NW
Seattle, WA 98107,3901 Leary WAY NW
Seattle, WA 98107,3901 Leary WAY NW
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Listed by Paragon Real Estate Advisors
Bought with Skyline Properties, Inc.

$1,850,000

$1,850,000

Est.Price: ?

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Est. payment /mo

5,900 Sqft Lot


SOLD DATE : 03/28/2022

Key Details

Sold Price $1,850,000

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Sold

Purchase Type For Sale

Subdivision Fremont

MLS Listing ID 1871021

Sold Date 03/28/22

Style 73 - Office

Year Built 1980

Annual Tax Amount $18,030

Lot Size 5,900 Sqft

Property Description

Rare opportunity to own a well maintained income producing property located in the popular and very walkable Fremont neighborhood. This one of a kind diversified 9-tenant office/retail building is well positioned on a high visibility section of Leary Way NW. This property’s current rents are very attractive for the market area allowing significant upside as spaces turn and tenants are put on traditional NNN leases similar to nearby competing properties. With an achievable market cap of 7.02%, $240 per building sq.ft., this opportunity won’t last long. The Leary Building is a low management intensive property and would be a great purchase for either an owner user or an investor looking to exit apartment ownership.

Location

State WA

County King

Area 705 - Ballard/Greenlak

Interior

Fireplace false

Others

Senior Community No

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Northwest MLS (NWMLS)

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Cory Willliams

Team Leader/Broker | License ID: 108348

+1(206) 612-1566

1612 Cole St., Enumclaw, WA, 98022

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