952 E Seneca St

    Seattle, WA 98122
    • $12,995,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: 1487625
    UPDATED: 12 min ago
    $12,995,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1917
    County:

    School Ratings & Info

    Listing Courtesy of Paragon Real Estate Advisors.

    Description

    The Central Agency Building is located in the highly desirable Capitol Hill neighborhood. This investment offers a rare opportunity to purchase a trophy building which will adjust to a 5.5% cap rate at the beginning of 2023 when all leases adjust to market rates. The Central Agency Building has experienced substantial capital improvements including the replacement of the electrical system, HVAC system, sewer line system, sprinkler system, fire alarm system and roof with a 20-year warranty.

    Monthly Payment Calculator



    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Platinum Real Estate Partners are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-07-23T07:15:19.237.

    www.platinumlivingpugetsound.com/homes/96754624

    952 E Seneca St Seattle, WA 98122

    • Price: $12,995,000
    • Status: Active
    • Updated: 12 min ago
    • ID#: 1487625
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1917
    Built
    Neighborhood:
    Capitol Hill
    County:
    King
    Area:
    Central Seattle/Genesee/Columbia Cty
    Property Description
    The Central Agency Building is located in the highly desirable Capitol Hill neighborhood. This investment offers a rare opportunity to purchase a trophy building which will adjust to a 5.5% cap rate at the beginning of 2023 when all leases adjust to market rates. The Central Agency Building has experienced substantial capital improvements including the replacement of the electrical system, HVAC system, sewer line system, sprinkler system, fire alarm system and roof with a 20-year warranty.
    Exterior Features

    Lot Depth 0 Site Frontage 0 Style 61 - Comm Bldg Ovr 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 0 Waterfront Footage 0

    Interior Features

    Building Sq Ft 0 Floor Covering Hardwood Heating And Cooling HRV/ERV System Office Sq Ft 0 Total Sq Ft Rented 19572

    Property Features

    Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 0 Assessed Value Year 0 Available Pads 0 Bank Owned No Boundary Survey 3.80 Commercial Features ElevatorStorageJ Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Exempt General Zoning Classification CommercialRetail Gross Adjusted Income 588867 Gross Rent Multiplier 20 Gross Scheduled Income 619860 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 7559 Net Operating Income 494007 Other Expenses 14634 Possession ClosingSub. Tenant's Rights Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Tax Amount 51337 Tax Year 2019 Terms Cash Out Third Party Approval Required None Total Expenses EXP 94860 Total Expenses TEX 94860 Total Monthly Rent 45359 Vacancy Rate 5 Water Sewer Garbage 21330 Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Platinum Real Estate Partners and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Platinum Real Estate Partners are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-07-23T07:15:19.237.

     
    Platinum Real Estate Partners
    33434 8th Ave S
    Federal Way WA, 98003
    Listing Courtesy of Paragon Real Estate Advisors.