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Madison Park Office

4033 E. Madison Street Seattle, Washington

~ 4 Year Hold | Targeting 20% IRR

Active

Purchased "generational real estate" off the market. First time project had been sold since 1960's. Significant interior improvements and building is 97% occupied.

Project Type
Source
Size
Acquisition Price
Sale Price
Office
Industry relationship, off the market
9,848 square feet
$4,118,000
Not yet sold

Purchased the property off the market, and the sale represented the first time in over 50 years the building had transacted. The building is a marquee asset in the highly desirable Madison Park neighborhood of Seattle. After closing, converted common areas including basement and basement kitchen, first floor library, and service rooms into rent generating offices. Improved net operating income by 41% and project is 97% leased.

Madison Park Office
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