Property Listing No Longer Available for Sale

3111 W. McGraw Street, Seattle, WA

Retail for Sale - $1,270,000 - 3,948 Sq. Ft. on 0.24 acres


Property Info

CIMLS#292987
Location
  3111 W. McGraw Street
  Seattle WA 98199
UpdatedJanuary 2nd, 2012
TypeRetail
Price$1,270,000
Building3,948 Sq. Ft.
Land0.24 acres

Property Description

Completely renovated commercial building with off-street parking and 2 tenants on long-term NNN leases in Magnolia Village. The pride of ownership is evident and the property has been extremely well-maintained throughout the years. New roof in 2006 as well as updated plumbing and electrical throughout most of the building. Building built as 4 separate retail/office spaces but it`s being leased by 2 tenants with both tenants leasing two suites each (100% leased). Long-term triple net (NNN) leases in place with 3% annual rent increases. Leases expire 2015 and 2016 with options to extend for an additional 5-years each. Please do not disturb tenants or their employees. Tenants not aware property is for sale.


Financials



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