Net Lease
Carstar
4700/4710 Ballard Ave NW, Seattle, WA 98107
Listing Price: $3,890,000
Investment Overview
Single-tenant Carstar located in the heart of the Ballard industrial zone. Featuring two Light Industrial properties totaling 13,055 RBA while strategically facing both Leary and Ballard Way, these corner lots provide ample visibility. This .56 Acre asset also includes an additional parcel featuring 5,000 SF of off-street parking and storage. The property is fully leased to Carstar Collision under a long-term passive NNN lease agreement with annual increases, ensuring a combination of stability and a hedge against inflation. The location of this core asset offers the savvy investor the opportunity to purchase a fully leased cash flowing asset on a prime corner location in one of Seattle’s most popular and rapidly growing
neighborhoods.
Carstar
Investment Highlights
- HIGH BARRIERSTO ENTRY This property provides an investor the opportunity to break into a rapidly growing Seattle submarket with extremely high barriers to entry for competing assets.
- PREMIER COMMERCIALCORNER LOCATION The parcels occupy a prime, heavily trafficked corner spot ensuring maximum visibility and access with over 25,000 vehicles passing daily.
- POTENTIAL FOR FUTUREDEVELOPMENT Zoned IG2 U/65, this property offers versatile land use options , including manufacturing, commercial, andentertainment uses, with flexible height limits, size limits.
- ON SITE VEHICLE STORAGE AND/OR PARKING The property includes on-site vehicle storage and parking f acilities, a valuable asset in this bustling neighborhood with limited space available.
Exclusively Listed By
Financing By
Listing Price: $3,890,000
Investment Highlights
- HIGH BARRIERSTO ENTRY This property provides an investor the opportunity to break into a rapidly growing Seattle submarket with extremely high barriers to entry for competing assets.
- PREMIER COMMERCIALCORNER LOCATION The parcels occupy a prime, heavily trafficked corner spot ensuring maximum visibility and access with over 25,000 vehicles passing daily.
- POTENTIAL FOR FUTUREDEVELOPMENT Zoned IG2 U/65, this property offers versatile land use options , including manufacturing, commercial, andentertainment uses, with flexible height limits, size limits.
- ON SITE VEHICLE STORAGE AND/OR PARKING The property includes on-site vehicle storage and parking f acilities, a valuable asset in this bustling neighborhood with limited space available.
Investment Overview
Single-tenant Carstar located in the heart of the Ballard industrial zone. Featuring two Light Industrial properties totaling 13,055 RBA while strategically facing both Leary and Ballard Way, these corner lots provide ample visibility. This .56 Acre asset also includes an additional parcel featuring 5,000 SF of off-street parking and storage. The property is fully leased to Carstar Collision under a long-term passive NNN lease agreement with annual increases, ensuring a combination of stability and a hedge against inflation. The location of this core asset offers the savvy investor the opportunity to purchase a fully leased cash flowing asset on a prime corner location in one of Seattle’s most popular and rapidly growing neighborhoods.
Exclusively Listed By
Financing By
