West Coast Industries - 14900 Whitman Ave N

14900 Whitman Ave N, Shoreline, WA, 98133

8,591 SF
$2,200,000

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

Contact

Lauren Hendricks

Windermere-Midtown Commercial

Attachments

BROKER

Source: CBA

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