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Two-Story Office Building
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16001 Aurora Ave N, Shoreline, WA 98133

Ground-floor bank tenancy accompanies an available upper-level suite.

Space Size4,522 SF
Property Size9,044 SF
Days on Market60

Property Features for 16001 Aurora Ave N

General Information

Standard status Active
Size 4,522 SF
Property subtype OFFICE
Lease Type NNN

Building Details

Stories 2
Building Size 9,044 SF

Spaces For Lease

at 16001 Aurora Ave N
Shoreline Professional Center $25/SF/Yr
Floor 2nd
Size 4,522 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE
The Andover Company, Inc. has been retained to exclusively market Shoreline Professional Center. This 2-story office property also offers a compelling Purchase opportunity with a longterm, credit tenant occupying the ground floor and a vacant second-floor suite, providing immediate upside. The building totals 9,044 SF and combines stable in-place income with value add potential through lease-up or owner-user occupancy. Positioned along the highly visible Aurora Avenue corridor, the asset benefits from strong exposure and convenient regional access. Stable In-Place Income with Credit Tenant The ground floor of the building is fully leased on a long-term basis to GBC International Bank, providing stable, predictable cash flow backed by a creditworthy financial institution, The bank’s presence enhances the property’s profile and provides daily customer traffic, while the long-term lease mitigates near-term rollover risk. This in-place tenancy offers a buyer immediate income stability, making the asset well-suited for both investment buyers and owner-users.
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Listing Agency: The Andover Company, Inc.
Listed By: Jeff Crane
Source: Moodyscre
Added: Aug 20 Changed: Oct 11 Last Checked: Oct 16 at 10:58AM

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 The Andover Company, Inc.

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Investment Insights

Based on property information with market context.

This two-story office property at 16001 Aurora Ave N includes an occupied ground level leased to GBC International Bank on a long-term basis and a vacant suite on the second floor. The configuration offers an existing financial-institution tenancy alongside space available for lease-up or owner occupancy.

The property is positioned along the Aurora Avenue corridor in Shoreline, WA, providing prominent corridor exposure and regional access. Its current layout combines an established ground-floor occupant with a separately available upper-level office suite.

Key Highlights

  • Two‑story office property with an occupied ground floor and vacant second‑floor suite
  • Ground floor leased long term to GBC International Bank
  • Upper‑level office suite available for lease‑up or owner occupancy

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Law Firm Building Supply Dental Office Restaurant

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
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

683
Businesses Nearby

Demographics for 98133, WA

50,720
Population
24,730
Households
2.1
Avg Household Size
39
Median Age
51%
College-Educated
94%
High-School Grad
7.1 sq mi
ZIP Area
7,144
Density / Sq Mi
$92,371
Median Household Income
$60,328
Median Earnings
$1,794
Median Rent
$719,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Office building - Ground-floor bank tenancy accompanies an available upper-level suite.
Where is this office building located?
The property is located at 16001 Aurora Ave N Shoreline, WA.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Two‑story office property with an occupied ground floor and vacant second‑floor suite; Ground floor leased long term to GBC International Bank; Upper‑level office suite available for lease‑up or owner occupancy
(206) 336-5336 Call to check price and availability
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