The Fisheries Bldg at Salmon Bay
3,468 SF of Office Space Available in Seattle, WA 98199
For Lease
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Office
- RSF (Rentable Sq. Ft)
- 20,778 SF
Listing Contacts
Lauren Hendricks
Verified Profile
- Property Info
Property Overview
96% leased remodeled office building with ample parking, This 4-story office building features a secured lobby entrance, 23+ off-street parking spaces, building conference room, shower facility, hospital grade HEPA filtration system and incredible views of the Ship Canal and Fisherman's Terminal from every floor. Great location close to Vertical World Climbing Gym, Discovery Park, and many great restaurants and breweries. This is an excellent opportunity for an investor or an owner-user to acquire an updated property with stabilized income from long-term tenants with below market rents. The current cap rate with in-place below market rent and vacancy is 5.30%. Cap rate increases to over 8% once 3 small suites are leased. Please don't disturb current tenants.
Property Details
- Class
- B
- Year Built/Renovated
- 1979/2015
Highlights
- 96% leased remodeled office building with ample off-street parking
- Actual in-place cap rate of 5.3%with below market rents and current vacancies
- Excellent views and location close to Vertical World Climbing Gym, Discovery Park & Fisherman's Terminal
- Updated building systems and building amenities include a common conference room and kitchenette, shower facilities, bike storage/parking
- 23+ off-street parking spaces including 8 covered parking and guest parking
- Excellent views and location close to Vertical World Climbing Gym, Discovery Park & Fisherman's Terminal
Nearby Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].