top of page

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).

Newmark-Logo-Large-6a-wht-rgb.png

© 2023 by Sleeth Retail Investments

bottom of page