Stable, Long-Term Incoming Producing Asset
15.36% Cash on Cash Return Following Lease Up of 4,231 SF
Located on one of the main north/south arterials in Seattle’s South-End, the Property was designed by physicians – for medical practitioners – and includes substantial electrical and plumbing infrastructure required to meet the needs of professional health-care providers.
Investment Overview
Purchase Price: $3,150,000
Net Income When Fully Leased: $316,176
CAP Rate When Fully Leased*: 10.04%
Current Occupancy: 76.21%
Current Net Operating Income: $227,122
*Includes cost to stabilize
Investment Contacts
Craig Wilson
Senior Vice President
T 425.462.6922
craig.wilson@cbre.com
Steve Sutherland
First Vice President
T 425.462.6927
sr.sutherland@cbre.com
Demetry Vyzis
Senior Associate
T 425.462.6924
Market Contact
Brian Kenny
Associate
T 425.462.6910
More Information
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