West Coast Industries - 14900 Whitman Ave N
14900 Whitman Ave N, Shoreline, WA, 98133
Listing Details
- List Price
- $2,200,000
- List Price Per SF
- $256.08
- Terms
- Cash out, Conventional
- Financing Avail.
- Yes
- Free & Clear
- Yes
- Total Income
- $161,610
- Total Expenses
- $20,922
- NOI
- $140,688
- Cap Rate
- 6.39%
- List Date
- 4/16/2024
- Signage
- On Building
- Show Instructions
- Call broker
- Listing ID
- 40115706
West Coast Industries - 14900 Whitman Ave N
Single-tenant NNN leased warehouse property on a 22,018 SF lot zoned Mixed Business (MB). The happy long-term tenant occupies both buildings on-site and has a NNN lease through May 31, 2028. Both buildings feature clear span warehouses with 18' ceiling height, heavy power, grade-level loading doors, private offices, private restrooms and additional storage. Fenced lot with 14 on-site parking spaces and conveniently located just one block West of Highway 99. Flexible MB zoning allows for a variety of uses including multi-family, single-family, retail, office, light manufacturing, warehousing, etc. Excellent hands-off investment. Tenant's base rent effective 6/1/24 is $11,724/Month with 3% annual increases. Please don't disturb Tenant.
Space Details
- Total Available
- 8,591 SF
- Primary Use
- Industrial
- Investment
- Yes
- Real Estate Taxes
- $20,922 in 2024
Property Highlights
- Type
- Industrial: Warehouse/Distribution Pending
- Size
- 8,591 SF, 0.51 Acres
- Occupancy Type
- Single Tenant
- Number of Buildings, Floors
- 2 , 1
- Submarket
- CBA N. Seattle
Source: CBA
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