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1275 Mercer
1275 MERCER STREET, SEATTLE, WA 98109
Price: $15,910,000
NOI: $1,034,044
Cap Rate: 6.50%
Building SF: 27,738 SF
Land Area: 0.9 Acres
Status: Active
1275 Mercer is a 100% leased, two-tenant covered land play in Seattle’s South Lake Union. The Offering caters to passive investors who willbenefit from strong in-place cash-flow with minimal management; or active investors/developers who want an A+ development site. Theproperty is anchored by a national credit tenant alongside a local family entertainment operator, with attractive zoning and a massing study forup to 237 residential units (SM-SLU 65/95).
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