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Pacific Tower
Off-Market
1200 12th Avenue South, Seattle, WA 98144
This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.
- Property Type Office - General Office
- Property Size 274,010 SF
- Lot Size 9.53 Acre
- Parking Spaces Avail. 512
- Parking Ratio 1.87/ 1,000 SF
- Property Tenancy Multi-Tenant
- LEED Certified Silver
- Building Class B
- Year Built 1981
False
Location
- City Seattle, WA
- Neighborhood North Beacon Hill
- Zip Code 98144
- Market Seattle
Contacts
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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 |
This is a preview. The total list of tenants and suites, along with other lease information, for this property is available on CommercialEdge
Brokers
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Documents
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Sales
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.
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
Tax
- Base Tax $598,889
- Market Value* $67,829,000
- Assessed Value $67,829,000
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 Pacific Tower?
Pacific Tower totals 274,010 square feet.
When was this property built?
Pacific Tower was built in 1981.
What is the market value for Pacific Tower?
The market value* for Pacific Tower in 2022 was $67,829,000.
*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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