Elliott Avenue W
FOR SALE | 920 & 942 Elliott Avenue W, Seattle, WA 98119
A DEVELOPMENT & OWNER-USER INVESTMENT OPPORTUNITY
PROPERTY HIGHLIGHTS CONTACT INFORMATION: • 2 BUILDING PORTFOLIO MATTHEW LITTLE • 15,976 SF LOT SIZE 920 & 942 PRINCIPAL | BROKER 206.505.9422 • $4,100,000 little@ westlakeassociates.com • C2 -55 (M) ZONING OFFERING SUMMARY
920 & 942 Elliott Avenue W, Seattle, WA 98119 Queen Anne Commercial Office Showroom Space
OFFERING SUMMARY PROPERTY HIGHLIGHTS Sale Price: $4,100,000 • Architectural design attributes include exposed natural wood beams ceiling, wood, tile, and carpeted flooring. Lot Size: 15,976 SF • Open Space Design provides full natural lighting and collaborative advantages. Year Remodeled: 920 Elliott - 1990 • Located in close proximity to downtown Seattle and Ballard. 942 Elliott - 1985 • High Visibility on Elliott Avenue Building Size: 920 Elliott - 6,000 SF • Development Upside 942 Elliott - 13,240 SF • 13 Dedicated Parking Stalls in North Lot Total Size: 19,240 SF • Daily Traffic Count on Elliott Avenue W is 49,200 • Adjacent to Kinnear Park’s Dog Park Off Lease Area, Tennis Zoning: C2-55 (M) Courts, and Nature Trail
Price / Lot SF: $257 • Access to Seattle’s Waterfront, Centennial Park via Helix Pedestrian Bridge at W Prospect Street. FOR MORE INFORMATION: 1200 Westlake Avenue N, Suite 310 MATTHEW LITTLE Seattle, WA 98109 206.505.9422 206.505.9400 [email protected] PROPERTY DETAILS
920 & 942 Elliott Avenue W, Seattle, WA 98119 Queen Anne Commercial Office Showroom Space
920 Elliott Ave W 942 Elliott Ave W
920 (South Building) 942 (North Building) Office 5 Private Office 6 Private Conference Room 1 Conference Room 2 Restrooms 4 Restrooms 4 Shower 1 (Tiled) Kitchen Full Washer / Dryer Connection 1 Kitchen Full Ceiling Height 1st Floor: 13.5 Ft Ceiling Height 1st Floor: 12.75 ft Basement: 8.2 Ft 2nd Floor: 10.0 Ft Roll up Door 2 Insulated Roll up Door 1 Insulated Power 480 3-Phase Stepdown Power 480 3-Phase Stepdown Low Voltage Cat 5 Wired Low Voltage Cat 5 Wired Fiber Optic Yes Fiber Optic Yes HVAC Yes HVAC Yes Heat Source Natural Gas Heat Source Natural Gas FOR MORE INFORMATION: 1200 Westlake Avenue N, Suite 310 MATTHEW LITTLE Seattle, WA 98109 206.505.9422 206.505.9400 [email protected] PROPERTY DETAILS
920 & 942 Elliott Avenue W, Seattle, WA 98119 Queen Anne Commercial Office Showroom Space
Commute King County Assessed Value Walk Score 70 Taxable Total Value $ 3,226,000 Very Walkable; Errands can be Taxable Imps Value $ 1,628,000 accomplished on foot Adjacent to Kinnear Park Transit Score Taxable Land Value $ 1,597,000 59 Good Tranist; Major Employers Nearby Along Elliott Avenue Many nearby public • Expedia Corporate • F5 Networks, Inc. transporation options Bike Score Headquarters • Smith Cove Cruise 44 • Amazon Terminal Somewhat Bikeable; Good Bike Lanes • Big Fish Games • Zulily
FOR MORE INFORMATION: 1200 Westlake Avenue N, Suite 310 MATTHEW LITTLE Seattle, WA 98109 206.505.9422 206.505.9400 [email protected] INTERIOR PHOTOS
920 Elliott Avenue W
• 6,000 SF Available on 2 floors
• Office Showroom with Warehouse on 1st floor
• Private Offices are on the 2nd floor
• One Grade Level Loading Door
FOR MORE INFORMATION: 1200 Westlake Avenue N, Suite 310 MATTHEW LITTLE Seattle, WA 98109 206.505.9422 206.505.9400 [email protected] INTERIOR PHOTOS
942 Elliott Avenue W
• 13,240 SF Available on 2 floors
• Main Floor consists of Wood Floors
• First floor features 7,640 SF Office Showroom space with 14 foot exposed wood beams provides lots of natural light from skylights and large windows. Built-out Sound Proof Production Studio. 5,600 SF in the Basement features the Retail Showroom Offices.
• Two Roll up Door provides access to loading
FOR MORE INFORMATION: 1200 Westlake Avenue N, Suite 310 MATTHEW LITTLE Seattle, WA 98109 206.505.9422 206.505.9400 [email protected] DEMOGRAPHICS
920 & 942 Elliott Avenue W
POPULATION 1 MILE 3 MILES 5 MILES
Total Population 18,541 135,448 405,197 Median Age 35.4 35.8 35.8 Median Age (Male) 35.2 36.2 36.1 Median Age (Female) 35.5 35.4 35.5
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total Households 11,064 79,377 210,309 # of persons per HH 1.7 1.7 1.8 Average HH income $98,768 $85,366 $82,700 Average house value $640,791 $604,152 $577,761
*Demographic data derived from 2010 US Census
FOR MORE INFORMATION: 1200 Westlake Avenue N, Suite 310 MATTHEW LITTLE Seattle, WA 98109 206.505.9422 206.505.9400 [email protected] PUGET SOUND
PUGET SOUND LARGEST EMPLOYERS Set in the beautiful Pacific Northwest, the world’s largest aerospace company, second- greater Seattle area is a national center largest maker of large commercial jets, and JOINT BASE second largest global defense contractor. for manufacturing, technology, services, LEWIS-MCCHORD international trade and tourism. Boeing is one of the largest employers in the Puget Sound, employing approximately 80,000 56,000 80,000 in Washington. MAJOR EMPLOYERS Employees Employees
Today some of the world’s most recognizable Employment is expanding through the Fortune 500 companies call Seattle home: greater Seattle area. The Puget Sound region Microsoft, Starbucks, Amazon, Nordstrom, is projected to generate 1.2 million new jobs Costco and REI. Other major companies in by 2040. the area include Boeing, T-Mobile. Expedia, 42,000 25,000 Boeing and Nintendo of America. INTERNATIONAL TRADE Employees Employees According to the Puget Sound Business Seattle has remained one of the most resilient Journal, technology companies are leading cities due to its diverse industries, making it more attractive for new companies to relocate the way in employment growth in the Seattle and expand in the area. The Port of Seattle, MSA. As the home of Microsoft and Amazon, which also operates the Seattle-Tacoma Seattle accounts for over 20% of the nation’s International Airport, is a major gateway to software publishing employment. Microsoft Asia and cruises to Alaska. The Port of Seattle is one of the top employers in the sate ranks as the 6th busiest seaport in the US, 40,000 20,000 with over 42,000 employees. Their World playing a key role in bringing international Employees Employees Headquarters, located in Redmond is over 10 trade, transportation and travel to the Pacific million square feet. Northwest.
The Puget Sound has become a international RECREATION leader in innovative industries with organizations such as the Fred Hutchinson The region is known for its quality of life, arts, Cancer Research Center, the University of and outdoor lifestyle which helps attract an Washington Medical Center and the Bill educated workforce. Numerous camping, 20,000 10,000 and Melinda Gates foundation. Healthcare hiking, winter sports, and recreational Employees Employees employment is projected to continue to grow activities are located a short drive from dramatically and Seattle has the 5th largest the city. Seattle’s main attractions include biotechnology Research and Development Pike Place Market, the Space Needle, and alliance between the University of Washington Seattle Center, home of the 1962 World’s Fair. and the Fred Hutchinson Cancer Research Seattle is home to a number of professional Center. sports teams including the 2013 Super Bowl champions, the Seattle Seahawks, the Seattle 15,000 The Puget Sound is one of the capitals of the Mariners, and the Seattle Sounders FC soccer 13,000 Employees aerospace industry anchored by Boeing, the team. Employees WESTLAKE ASSOCIATES, INC.
Serving Washington State since 1975, Westlake Associates has earned its reputation as a leader in Commercial and Investment Real Estate Brokerage. We’ve built a strong foundation of experience in Investment Property Sales, Commercial Leasing, Property Management, and comprehensive real estate services over our 40 year history. At Westlake Associates, we operate as a team and leverage each other’s resources and experience to provide the highest level of client services.
Matthew Little
PRINCIPAL | BROKER little@ westlakeassociates.com ofc. 206.505.9422 cell. 206.953.4542