Canna

Retail

5440 California Ave SW, SeattleWA 98136-1513

Property Details

Location

Address
5440 California Ave SW, SeattleWA 98136-1513
County
King
Submarket
CBA West Seattle
Parcels
2461900045

Building Size

Building Size
2,760 SF
Retail Space
2,760 SF
Rentable Space
2,760 SF

Building Details

Type
 Retail
Number of Buildings
1
Occupancy Type
Percent Occupied
Building Class
Building Status
Existing
Floors
2
Year Built
1923
Year Renovated
2016
Sprinklers
No
Primary Const.
Wood
Parking (Covered Parking, Uncovered Parking)
2, 8
Parking Ratio
Security System
Yes

Land & Utilities

Land (Acres)
0.17 Acres
Land (SF)
7,500 SF
Rail Service
No
Zoning
NC240
Lot Depth
Lot Width

Contacts

Current Listings

Property for Sale

$2,150,000
Cap Rate: 8.09%

"Canna" is an amazing real estate investment opportunity in an excellent West Seattle location. Tenant has just signed a new Multi-Year (5) NNN lease (started March 1, 2021) that produces $174,000 net annual income (with 3% annual increases). Tenant is a well established 502 Cannabis retail store, and the building was extensively upgraded in 2016 for 502 compliance and is in pristine condition. The property is located strategically on Calif. Ave. and is zoned NC240 (great future development). Tax iD #: 2461900045

"Canna" is an amazing real estate investment opportunity in an excellent West Seattle location. Tenant has just signed a new Multi-Year (5) NNN lease (started March 1, 2021) that produces $174,000 net annual income (with 3% annual increases). Tenant is a well established 502 Cannabis retail store, and the building was extensively upgraded in 2016 for 502 compliance and is in pristine condition. The property is located strategically on Calif. Ave. and is zoned NC240 (great future development). Tax iD #: 2461900045

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CBA

Source: Commercial Brokers Association (CBA)

More Information

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