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1275 Mercer Street
Seattle, WA 98109
Asking Price
Contact for price
Asset Type
Day Care/Nursery Office
Class
Class B
What's Special
1275 Mercer Street | 100% Leased | Covered Land Play | South Lake Union <ul><li>The Property is located in Seattle's South Lake Union, the hub of one of the nation's most concentrated biotech and life sciences corridors.</li></ul><p></p><ul><li><ul><li>Embedded within one of the wealthiest urban trade areas in the United States with average household income of $177,605, 31% of households earning $200,000+, and nearly 80% college-educated. The Property's 1-mile residential base has grown 83% since 2010 to 86,392 residents.</li></ul></li></ul><p></p><ul><li><ul><l
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
