705 Lofts
705 Lofts
705 S Weller St, Seattle, WA 98104, USAProperty Information
- Status: For Sale
- Broker(s): Dan Foster, Matthew Hinrichs
- Type: Mixed-Use, Multifamily
- County: King
- Land Size (SF): 9,750
- Building Size (SF): 46,951
- Year Built: 2006
- Year Renovated: 2008
- Zoning: IDM 85/85-170 (International District Mixed) — current use legally conforming
Property Highlights
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Property Highlights: To discuss pricing, please sign the Confidentiality Agreement.
- 705 Lofts is a well-stabilized 40-unit, multifamily property with a single ground-floor commercial tenant, located at 705 South Weller Street in Seattle's International District submarket.
- Built in 2006, six-story elevator-served building w/ structured parking.
- Stabilized in-place cash flow on a well-maintained classic asset.
- Clear and immediately achievable mark-to-market upside.
- Optional light interior renovation upside with attractive yield-on-cost economics.
- Transit-rich infill location two blocks from the new East Link light rail extension & regional transit hub.
- Recent CapEx includes roof overlay and elevator modernization.
Marketing Materials
- Marketing Materials - URL: Offering Memorandum
Video
- Video: