1570 West Armory Way, Seattle, WA

Property Type Office - General Office
Property Size 25,657 SF
Lot Size 1.41 Acre
Property Tenancy Multi-Tenant
Building Class B
Year Built 2018

Location

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Street

City Seattle, WA
Neighborhood Interbay
Zip Code 98119
Market Seattle

Contacts

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Owner

True Owner

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Documents

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Sales

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

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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

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Tax

Property Tax in 2022 $73,240
Market Value* $8,295,000
Assessed Value $8,295,000

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*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 1570 West Armory Way?

1570 West Armory Way totals 25,657 square feet.

When was this property built?

1570 West Armory Way was built in 2018.

What is the property tax for 1570 West Armory Way?

The property tax for 1570 West Armory Way in 2022 was $73,240.

What is the market value for 1570 West Armory Way?

The market value* for 1570 West Armory Way in 2022 was $8,295,000.
*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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1570 West Armory Way, Seattle, WA 98119 - Office Space

1570 West Armory Way is located at 1570 West Armory Way in the Interbay neighborhood, WA, Seattle, 98119. The Class B Office building was completed in 2018 and features a total of 25,657 SF.

There are 60 office spaces for lease in the Interbay neighborhood, totaling 661,188 SF of available office space. The office space availability for the 98119 zip code is 1,136,813 SF, in 118 office spaces. The average asking office rent per SF in Interbay is $28.69/SF/YR. For Class A office buildings the average office rate is $31/SF/YR, for Class B office buildings the average office rate is $31.56/SF/YR, for Class C office buildings the average office rate is $12/SF/YR.

In Interbay, there are 13 class B office buildings. In Interbay, there are a total of 2 LEED certified office buildings. In 2018, the same year 1570 West Armory Way was built, 34 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Seattle, featuring 3,854,749 square feet of commercial space. At zip code level, there are 25 commercial properties, of which 19 are office buildings over 50,000 square feet.

1570 West Armory Way