The kalberg building
Prime street retail and office space in the heart of the University District near I-5 and Washington State’s most prestigious employers.
overview
The Kalberg Building is a classic 1920’s masonry mixed-use investment opportunity located in the vibrant U-District, near the University of Washington. Featuring ground-floor retail with offices above and basement storage, the building provides a nice tenant mix.
If you put your finger on your ideal spot within the U-District, it would be The Kalberg Building. The location is that good.
 OFFERING PRICE | $5,423,614 |
 LOCATION | 4515 University Way NE, Seattle, WA 98105 |
 CAP RATE | Current: 3.53% / Owner/User*: 5.00% / Proforma**: 6.43% |
 NOI | Current: $190,357 / Owner/User*: $271,181 / Proforma**: $348,943 |
 PRICE PER SF | Current: $193.66 / Owner/User*: $275.88 / Proforma**: $355.00 |
 OCCUPANCY | 100% |
 ZONING | NC3P-65 |
 TOTAL BUILDING | 19,659 SF |
 TOTAL LAND | +/- 6,695 SF (0.15 acres) |
* Owner/User: No income for storage, all 1st floor actual, owner/user proforma rents for 2nd floor, full Net collection. ** Proforma: proforma rents and full Net collection.
step into
seattle
the kalberg building is moments away…
With easy I-5 access and a light rail station a mere block a way, The Kalberg Building enjoys fantastic transit connections throughout the greater Seattle area. Major tech employers are all located within a short drive or light rail journey away.
Learn more about the neighborhood and transit options.
market & submarket report
Puget Sound Region
Known as one of the most economically robust metropolitan areas in the United States, the Puget Sound is coveted for its scenic coastlines, bustling urban ports and as the new tech hub of the West Coast.
BEYOND THE INVESTMENT
Together the capabilities are endless. Discover what we can do together.
Contact our property management partner Phillips Real Estate.