Price cut −4%
$27,250,000
7.4% cap · 53,230 sq ft RBA · Class B
1463 E Madison St
Seattle, WA 98107
Listed 7 months ago$512/sq ft
01 / 08
NewComing SoonIndustrial
$22,865,000
4848 15th Ave NW
Columbia City · Seattle, WA 98105
$210/sq ft5 days on market1.5K views78 saves
Key facts
- Interior
- 108,770 sq ft
- Lot
- 2.81 acres
- Year built
- 1955
- Property type
- Industrial
- Price / sq ft
- $210/sq ft
- Annual taxes
- $201,210
- Days on market
- 5
Getting around
Walk Score67
Somewhat Walkable
Transit Score61
Good Transit
Bike Score62
Bikeable
About this property
Investors have been asking for Columbia City product at this basis for two years. Current NOI supports the 5.1% going-in yield with room above it as leases reset.
Investment summary
Investment summary
Cap rate
5.10%
Net operating income ÷ price
Net operating income
$1,166,115
Annual, after operating expenses
Cash-on-cash
−2.3%
$160,891 annual shortfall on $6,859,500 equity
Occupancy75%
81,578 sq ft leased of 108,770 sq ft
- Tenants
- 5
- Rentable area
- 108,770 sq ft
- Price / sq ft
- $210/sq ft
- WALE
- 4.7 yrs
- Lease type
- NNN
- Building class
- Class B
- Zoning
- IL
- Parking
- 113 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $1,327,006 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Outdoor
- Loading Dock
Systems & Efficiency
- Sprinkler System
Building & Community
- Cold Storage
Highlights
- Grade-Level Doors
- Three-Phase Power
- Recent Capital Improvements
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2021-02-14 | Sold | $19,343,000 |
| 2026-07-20 | Listed | $22,865,000 |
Location
Columbia City, Seattle — King County
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Approximate location · Columbia City
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Estimated monthly
$137,854/mo
- Principal & interest83%$114,418
- Property tax12%$16,768
- Home insurance5%$6,669
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $18,292,000 · 30 yr · 6.40%
