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
- Phone:(206) 292-6130
- Email:dave.magee1@cbre.com
- Office Name:CBRE
- Office Phone:(253) 572-6355
- Office Website:www.cbre.com
- Agent Phone:(206) 292-6007
- Agent Email:steve.brunette@cbre.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 11,750,000.0
- $/SF$ 174.7
- Listing StatusAvailable
- Days on Market860
- Asset ClassOffice
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 1.23 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- 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 TypeOffice
- Office Type
- Building ClassC
- CountyKing
- Vicinity
- Location Description
- Second Address440 SW 7th St
- Cross StreetLind Avenue
- Market AreaTukwila
- Tax ID #1823059252
- Additional Parcels
- ZoningIM
- # Covered Spaces0
- # Uncovered Spaces296
- Total Parking Spots296
- Parking Ratio
- Year Built1967
- Year Renovated1990
- Completion Date
- Roof Type
- SprinklersYes
- Construction TypeMasonry
500 Building
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