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7th & Madison

Off-Market

701 Madison Street, Seattle, WA 98104

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  • Property Type Office - Medical Office
  • Property Size 204,668 SF
  • Lot Size 0.66 Acre
  • Parking Spaces Avail. 202
  • Parking Ratio 0.99/ 1,000 SF
  • Property Tenancy Single Tenant
  • LEED Certified Gold
  • Building Class A
  • Year Built 2008

Location

  • Walk Score ® Walker's Paradise (99)
  • Transit Score ® Rider's Paradise (100)
  • Bike Score ® Bikeable (68)
Powered by Walk Score ®
  • City Seattle, WA
  • Neighborhood First Hill
  • Zip Code 98104
  • Market Seattle

Points of Interest

Pioneer Square Station

0.30 miles

University Street Station (entrance 4)

0.31 miles

Pioneer Square Station

0.32 miles

Pioneer Square Station

0.32 miles

University Street Station (entrance 1)

0.32 miles

University Street

0.33 miles

Pioneer Square

0.34 miles

Pioneer Square Station

0.35 miles

University Street Station (entrance 2, 3)

0.37 miles

Pioneer Square Station

0.38 miles

76

0.24 miles

Chevron

0.56 miles

Shell

0.58 miles

Shell

0.63 miles

ChargePoint

0.69 miles

Shell

0.81 miles

Greenlots

0.85 miles

Blink

0.85 miles

ChargePoint

0.95 miles

7-Eleven

0.95 miles

Polyclinic Parking Garage

0.06 miles

Impark Parking

0.10 miles

9th Avenue Garage

0.14 miles

Olympic Garage

0.19 miles

SeaPark

0.19 miles

IBM Building Parking

0.21 miles

6th Avenue Garage - Hilton Seattle Parking

0.24 miles

Minor Avenue Garage

0.31 miles

Goat Hill Parking Garage

0.31 miles

1201 Third Avenue Parking

0.32 miles

Marriott Renaissance Hotel

0.10 miles

Hotel Vintage

0.15 miles

Sorrento Hotel

0.15 miles

Crowne Plaza Seattle Downtown

0.16 miles

Lotte Hotel Seattle

0.17 miles

Baroness Hotel

0.20 miles

Inn at Virginia Mason

0.20 miles

Executive Hotel Pacific

0.21 miles

W Hotel Seattle

0.22 miles

Hilton Seattle

0.24 miles

Kanpai Sushi & Wine Bar

0.05 miles

The Fig and the Judge

0.09 miles

Vito's

0.09 miles

Primo Pizza Parlor

0.12 miles

Primo Pizza Parlor

0.12 miles

TJ's Deli

0.15 miles

Tulio

0.16 miles

A Pizza Mart

0.16 miles

206 Burger Company

0.18 miles

Subway

0.18 miles

University of Washington - Professional & Continuing Education

0.34 miles

The Northwest School

0.44 miles

Seattle University

0.53 miles

Interagency Alder Academy

0.65 miles

Seattle Academy

0.68 miles

Seattle Central College

0.70 miles

Vuu's Beauty School

0.71 miles

Girls Rock Math

0.73 miles

Spruce Street School

0.73 miles

Bailey Gatzert Elementary School

0.77 miles

Seattle Infant Development Center

0.19 miles

Bright Horizons

0.43 miles

Bright Horizons

0.46 miles

Jose Marti Child Development Center

0.49 miles

KinderCare

0.58 miles

Mother's Place

0.67 miles

Bright Horizon

0.81 miles

Denise Louie Education Center

0.82 miles

La Cuenta Spanish Immersion Preschool

1.50 miles

Les Efants de Seattle

1.59 miles

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 18 Dec, 2012
  • 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 $1,198,353
  • Market Value* $135,723,000
  • Assessed Value $135,723,000

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 7th & Madison?

7th & Madison totals 204,668 square feet.

When was this property built?

7th & Madison was built in 2008.

When was 7th & Madison last sold?

7th & Madison was last sold on 18 Dec, 2012.

What is the property tax for 7th & Madison?

The property tax for 7th & Madison in 2022 was $1,198,353.

What is the market value for 7th & Madison?

The market value* for 7th & Madison in 2022 was $135,723,000.
*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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