The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 18, 2018
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

ETC... ETC...
Printer-friendly Version   Email an Associate
Commercial Condo in Seattle Sells for over $500/sf


A 32.4k sf, four-tenant commercial condo asset in Seattle has sold for $17.75 mil ($548/sf). The property, 500 Mercer, is located in the Lumen Building, a full city block mixed-use project on the corner of 5th Ave and Mercer St.

The property is directly across the street from the Bill & Melinda Gates Foundation, near Seattle Center, and less than a half mile from Amazon’s global headquarters in the South Lake Union neighborhood.

The property was purchased by K&L LLC, a private equity investor. It was sold by 500 Mercer Partners LLC, represented by Erik Swanson, Mike King, Jason Miller and Damian Sevilla with Kidder Mathews.

“Cap rates are still compressed for core, trophy properties in Seattle," said King. “With Seattle’s growth and economic prosperity, this was a great investment opportunity,” he said.

Return to the Archive page


Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media