Building Details

Year Built 1989

Listing Agency: CUSHMAN & WAKEFIELD w***@cushwake.com Show Phone

Listed By: WILL CARROLL

Source: Corcoran

Added: Mar 6, 2023 Changed: Aug 8 Last Checked: Aug 8 at 6:18AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CUSHMAN & WAKEFIELD

Investment Insights

Based on property information with market context.

This 5,373 square foot office space features a wide open floor plan, 4 private offices, and a large conference room. It also includes a kitchenette. The sublease expiration date is November 30, 2030. Please note that no furniture is available. The Tax IDs are 0254600000 and 0254600020.

Key Highlights

• Sublease Expiration Date 11/30/30
• 5,373 RSF
• Wide open floor plan**

Property Analytics

Property Profile

Current Use

Marx/Okubo & Associates Architect BANG BELLTOWN Hair Salon Nina A. Maisterra Physician Adam M Jayne-Jensen Hospital Karen Claire Palalay Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Clothing & Fashion Store Pet Store Butcher Pet Store & Service Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$4.20 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

7,538

Businesses Nearby

Explore this area Business Placement

Demographics for 98121, WA

21,411

Population

15,781

Households

1.4

Avg Household Size

35

Median Age

78%

College-Educated

98%

High-School Grad

0.4 sq mi

ZIP Area

53,528

Density / Sq Mi

$148,974

Median Household Income

$118,893

Median Earnings

$2,329

Median Rent

$796,600

Median Home Value

Market

Lease Benchmarks for Seattle, WA

$28.39 /SF/Yr

Avg Asking Price

$4.18–$53 /SF/Yr

Price Range

12,157 SF

Avg Space Size

This space is priced 1% below the average of $28.39 /SF/Yr.

Vacancy Rate% for Office in Seattle, WA

8.5% 2019

13.4% 2020

17.6% 2021

19.5% 2022

24.3% 2023

30% 2024

32.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office units - 5,373 RSF office space with open floor plan.

Where is this office units located?

The property is located at 2505 2nd Ave Seattle, WA.

What is the lease rate?

The lease rate is $12,537/Mo.

What are key features of this property?

This property features: Sublease Expiration Date 11/30/30; 5,373 RSF; Wide open floor plan**