• Canal Station - 5440 Leary Ave NW #C1, Seattle, WA 98107

For Sale

Retail

For Sale

This property is available for sale
4,415
SF
Negotiable
Sale Price
  • Year Built
    2007
  • Overview

    Great NNN Opportunity in Downtown Ballard! Modern commercial condo in newer (2007) building. Corner retail site with 2 street frontage! Solid single tenant user with more than 6 years remaining on lease; up to 10 year extension. Property includes 10 dedicated parking spaces. Net Operating Income currently $89,469/year; increases to approximately $114,669/year in June of 2022.

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Property Details

Great NNN Opportunity in Downtown Ballard! Modern commercial condo in newer (2007) building. Corner retail site with 2 street frontage! Solid single tenant user with more than 6 years remaining on lease; up to 10 year extension. Property includes 10 dedicated parking spaces. Net Operating Income currently $89,469/year; increases to approximately $114,669/year in June of 2022.

  • Property Type
    Retail
  • Amenities
    • Natural light
    • Onsite parking
    • Parking garage
  • Submarket
  • Year Built
    2007
  • Total Building Size
    4,415RSF
  • Cap Rate
    4.5%
  • Zoning
    Commercial
  • Will build to suit
    No
  • Sewer
    No
  • Corner lot
    Yes
  • Property ID
    2180725

Landlord's Sales Representative

  • Justin Parks