Seattle Labor Temple (Status: Pending)
2800, 1st Ave, Seattle, WA 98121
The Seattle Labor Temple (“SLTA”) property is an attractive adaptive reuse opportunity to build Class A- office space wrapped by an iconic exterior. Property is being sold as part of a strategic initiative by SLTA with a goal of relocating within Seattle as soon as possible.
The building is ~65K SF in total (50K above-grade) and is a designated landmark (exterior and two lobbies). Across the street is a 102-stall condo garage with separate, gated access and exclusive elevator to 1st Ave at street level. Listed price includes the garage. Value allocation is ~60% building/40% garage. Garage NOI estimated at ~$250K.
Tenants are on month-to-month leases, and building would be vacant following sale. Garage to be vacated following sale, with stalls immediately available to be rented out.
Asset Class: Office
Year Built: 1942
Building Total Square Feet: 64385
Available Lease Space Square Feet:
Number of Floors: 3
Total Parking Spaces: 0
Local Zoning Information: DMR/R 125/65
Listing Courtesy of: Heartland, LLC
Disclaimer: The information contained in this listing has not been verified by North Sound Commercial, a division of Pacific Continental Realty, LLC and should be verified by the buyer, seller, or tenant.
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