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1201 Western Building

Off-Market

1201 Western Avenue, Seattle, WA 98101

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  • Property Type Office - General Office
  • Property Size 102,857 SF
  • Lot Size 0.37 Acre
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1986

Location

  • Walk Score ® Walker's Paradise (98)
  • Transit Score ® Rider's Paradise (100)
  • Bike Score ® Very Bikeable (76)
Powered by Walk Score ®
  • City Seattle, WA
  • Neighborhood Central Waterfront
  • Zip Code 98101
  • Market Seattle

Points of Interest

University Street Station (entrance 2, 3)

0.17 miles

University Street Station (entrance 4)

0.19 miles

University Street

0.20 miles

University Street Station (entrance 1)

0.22 miles

Seattle

0.23 miles

Westlake Station

0.35 miles

Westlake Station

0.36 miles

Westlake Station

0.37 miles

Pioneer Square Station

0.39 miles

Pioneer Square Station

0.40 miles

76

0.70 miles

ChargePoint

0.71 miles

Blink

0.85 miles

Greenlots

0.85 miles

Shell

0.91 miles

Shell

0.93 miles

76

1.03 miles

Chevron

1.03 miles

Shell

1.05 miles

Shell

1.07 miles

Republic Parking

0.05 miles

Republic Parking

0.18 miles

1201 Third Avenue Parking

0.18 miles

Sorreano Parking Garage

0.22 miles

Cobb Garage

0.23 miles

Norton Parking Garage

0.25 miles

Pike Place Market Parking

0.26 miles

Ferry Waiting Lot

0.26 miles

West Edge Garage

0.27 miles

1st and Columbia Parking Garage

0.28 miles

Four Seasons Seattle

0.12 miles

The Alexis Royal Sonesta Hotel Seattle

0.13 miles

Madison Tower/Hotel 1000

0.16 miles

Green Tortoise Hostel

0.21 miles

Hotel Seattle

0.24 miles

The State Hotel

0.25 miles

Hotel Monaco Seattle

0.25 miles

W Hotel Seattle

0.28 miles

Executive Hotel Pacific

0.29 miles

Fairmont Olympic Hotel

0.29 miles

Post Alley Pizza

0.05 miles

Elliott's Oyster House

0.06 miles

Noi Thai Cuisine

0.06 miles

Okinawa Teriyaki

0.07 miles

The Salmon Cooker

0.07 miles

Red Robin

0.08 miles

The Frankfurter

0.08 miles

The Crab Pot

0.09 miles

Skalka

0.09 miles

Poke Lover

0.09 miles

University of Washington - Professional & Continuing Education

0.26 miles

The Seattle School of Theology and Psychology

0.76 miles

Antioch University

0.78 miles

Spruce Street School

0.79 miles

The Northwest School

0.80 miles

Morningside Academy

0.80 miles

Cornish College of the Arts

0.84 miles

City University of Seattle

0.86 miles

Girls Rock Math

0.91 miles

Emerald City School

0.96 miles

Seattle Infant Development Center

0.36 miles

Jose Marti Child Development Center

0.62 miles

KinderCare

0.64 miles

Bright Horizons

0.67 miles

Bright Horizon

0.76 miles

Bright Horizons

0.92 miles

Denise Louie Education Center

1.03 miles

Mother's Place

1.15 miles

La Cuenta Spanish Immersion Preschool

1.92 miles

Les Efants de Seattle

2.08 miles

Contacts

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Owner

  • True Owner
  • Registered 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 28 Feb, 1997
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

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 $168,225
  • Market Value* $19,052,800
  • Assessed Value $19,052,800

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 1201 Western Building?

1201 Western Building totals 102,857 square feet.

When was this property built?

1201 Western Building was built in 1986.

When was 1201 Western Building last sold?

1201 Western Building was last sold on 28 Feb, 1997.

What is the property tax for 1201 Western Building?

The property tax for 1201 Western Building in 2022 was $168,225.

What is the market value for 1201 Western Building?

The market value* for 1201 Western Building in 2022 was $19,052,800.
*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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