5440 California Avenue SW, Seattle, WA 98136
- $2,000,000
Listing courtesy of Berkshire Hathaway HS NW. Selling Office: The Preview Group.
- Sold Price
- $2,000,000
- List Price
- $2,150,000
- Status
- SOLD
- MLS#
- 1740139
- Closing Date
- Jul 27, 2021
- Days on Market
- 101
- Annual Tax Ammount
- 9894
Property Description
Amazing investment in excellent West Seattle location with NEW Multi Year/Multi Term NNN Lease (Started March 1, 2021) that produces $174,000 net annual income (with 3% annual increases). Current tenant (Canna) is a well established 502 Cannabis Store and the building has been extensively upgraded for 502 compliance. This pristine property is Zoned NC240 (Excellent future development potential) and is strategically located on California Avenue. Very Rare Opportunity!
Additional Information
- Community
- Alaska Junction
- Style
- 75 - Retail
- Year Built
- 1923
- # of Assigned Spaces
- 10
- Roof
- Composition
- Tax Year
- 2021
- Potential Terms
- Cash Out
- Interior Features
- Forced Air
- Driving Directions
- Located on East side of California Avenue SW between SW Brandon St and SW Findlay St.
- Other Expenses
- 265
- Energy Source
- Natural Gas
- Net Operating Income
- $174,000
- Gross Adjusted Income
- $188,052
- Gross Scheduled Income
- $188,052
- Cap Rate
- 8
- Total Expenses
- $14,052
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Data last updated at .