500 SW 7th St
Renton WA 98057

500 Building

500 SW 7th St Renton WA 98057

Listing #: 655285 | Status: Available | Last Modified: 7/5/2023 |

For Sale
David Magee
Steve Brunette
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
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Price Information
  • Listing Price$ 11,750,000.0
  • $/SF$ 174.7
  • Listing StatusAvailable
  • Days on Market860
  • Asset ClassOffice
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 1.23 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors2
  • # of Units
  • # of Elevators1
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF67260
  • Net Rentable Area65763
  • Total Office SF65763
  • Largest Contiguous SF3009
  • Lot SF135472
  • Acres3.11
Property Type
  • Property TypeOffice
  • Office Type
  • Building ClassC
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address440 SW 7th St
  • Cross StreetLind Avenue
  • Market AreaTukwila
  • Tax ID #1823059252
  • Additional Parcels
  • ZoningIM
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces296
  • Total Parking Spots296
  • Parking Ratio
Construction
  • Year Built1967
  • Year Renovated1990
  • Completion Date
  • Roof Type
  • SprinklersYes
  • Construction TypeMasonry

500 Building

Public Comments

The 500 SW 7th Building, an attractive opportunity to acquire a multi tenanted, stabilized office investment in Renton, Washington. The property contains 65,753 rentable square feet over two (2) floors. Investment Highlights: › Strategic location with un-congested access to the region’s major freeways: I-5, I-405 and SR-167. › Only minutes from one of the largest Regional Malls in Western Washington: the Westfield Mall at Southcenter. › Numerous dining and business support services within walking distance or a short drive. › Stabilized multi-tenant asset below replacement cost. Current NOI based on 100% occupancy. › Functional and flexible design with ample natural light, the property benefits from attractive visibility, and easy access to both I-5 and I-405. › Anticipated pricing materia