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1200 3rd Avenue

Off-Market

1200 3rd Avenue, Seattle, WA 98101

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  • Property Type Office - General Office
  • Property Size 189,175 SF
  • Lot Size 0.31 Acre
  • Property Tenancy Owner Occupied
  • Building Class A
  • Year Built 1921

Location

  • City Seattle, WA
  • Neighborhood Seattle Central Business District
  • Zip Code 98101
  • Market Seattle

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 31 Mar, 2005
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Seattle

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Seattle Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $41.40
  • 2020 Office Vacancy Rate 10.70%
  • 2020 Office Completions (SF) 2,507,003

Seattle Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $848.55
  • 2020 Office Sales Volume $1.6B
  • 2020 Number of Transactions 12
View more Seattle market trends

Tax

  • Property Tax in 2022 $480,796
  • Market Value* $54,454,000
  • Assessed Value $54,454,000

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 1200 3rd Avenue?

1200 3rd Avenue totals 189,175 square feet.

When was this property built?

1200 3rd Avenue was built in 1921.

When was 1200 3rd Avenue last sold?

1200 3rd Avenue was last sold on 31 Mar, 2005.

What is the property tax for 1200 3rd Avenue?

The property tax for 1200 3rd Avenue in 2022 was $480,796.

What is the market value for 1200 3rd Avenue?

The market value* for 1200 3rd Avenue in 2022 was $54,454,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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