Back

1 of 40

2 of 40

3 of 40

4 of 40

5 of 40

6 of 40

7 of 40

8 of 40

9 of 40

10 of 40

11 of 40

12 of 40

13 of 40

14 of 40

15 of 40

16 of 40

17 of 40

18 of 40

19 of 40

20 of 40

21 of 40

22 of 40

23 of 40

24 of 40

25 of 40

26 of 40

27 of 40

28 of 40

29 of 40

30 of 40

31 of 40

32 of 40

33 of 40

34 of 40

35 of 40

36 of 40

37 of 40

38 of 40

39 of 40

40 of 40

4241 21st Ave W
Seattle, WA 98199

$5,780 USD/MO

Office For Lease • 3,468 SF

Property Details

Property Type Office
Year Built 1979
Total Building Size 20,778 SF
Tenancy Multiple
Building Class B
Zoning MML U/65

53 Transit Score

67 Walk Score

1 Space Available

Name

Space Use

Size

Rent

Details

2nd Floor Ste 204

Office

3,468 SF

$20.00 USD/SF/YR

2nd floor corner office suite for lease in a well-maintained and remodeled office building. The Suite features a welcoming reception area, large open work areas, multiple private offices, tons of natural light and views of the Ship Canal and Fisherman's Terminal. Building features include a secured lobby entrance, building conference room, kitchenette, shower facility and bike storage. Excellent location close to Vertical World Climbing Gym, Discovery Park, and across the street from Fisherman's Terminal.

Date available: Now
Lease term: Negotiable
Service type: Triple Net
Built out as: Standard Office
Space Type: Relet

Description

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.

                
                    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

Property Flyers

4241 21st Ave W MP

Amenities

Bus Line
Controlled Access
Conferencing Facility
Security System
Signage
Skylights
Kitchen
Accent Lighting
Storage Space
Demised WC facilities
High Ceilings
Direct Elevator Exposure
Natural Light
Plug & Play
Shower Facilities
Air Conditioning
Fiber Optic Internet
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	16 min	-	5.5 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	36 min	-	18.5 mi
Seattle Paine Field International	41 min	-	23.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	15
Type:	Surface
Included in Rent:	Yes

Lauren Hendricks 206-999-9161 Windermere Commercial

4241 21st Ave W Seattle, WA 98199