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Mitchell Belcher
Managing Director
425.891.9594
mitchell.belcher@berkadia.com
Steven Chattin
Managing Director
425.269.3826
steven.chattin@berkadia.com
Jay Timpani
Managing Director
206.999.3206
jay.timpani@berkadia.com
INVESTMENT ADVISORS
Primary Contact:
Chad Blenz
Senior Director
206.491.2008
chad.blenz@berkadia.com
Historically Significant & Charming Boutique Asset
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Landmark Property Next to
Pike Place Market
Address
City, State, Zip
Units
Year Built
Lot Size
Parcel No.
Zoning
County
84 Union Street
Seattle, WA 98101
27
1915
0.17 acres
197620-0160
PMM-85
King
The heart of Downtown
Chad Blenz
Senior Director
206.491.2008
chad.blenz@berkadia.com
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
contact
Phone: 206.521.7220
Fax: 206.521.7222
Privacy | Terms of Use
The Opportunity
/ Historic mid-rise property built in 1915 as the US Immigration Building with subsequent associations with the Cannery Workers and Farm Laborers Union, and the International Longshoremen’s Union
/ Four stories plus basement with front elevation facing Western Avenue, rear facing Post Alley
/ 6,200+ SF of ground-floor commercial space with industrial kitchen and frontage on Western; vacant but formerly occupied by Wild Ginger as their first restaurant
/ Bull’s eye location two blocks from Seattle’s waterfront and adjacent to Pike Place Market; perfect Transit Score and 98 Walk Score
/ Steps from Pike Place Market on the corner of Union at Western Avenue with Post Alley at the rear
/ Perfect Transit Score with multiple options within immediate proximity, including light rail, ferry, and bus
/ Near-perfect Walk Score of 98 with no need for a car to run daily errands
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Landmark Property Next to Pike Place Market
Brandon Lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
/ 27 units averaging 620 square feet, all with in-unit washers and dryers
/ All major thoroughfares accessible within a 5-minute drive: Interstates 5 and 90, Highway 99
Chad Blenz
Senior Director
206.491.3826
chad.blenz@berkadia.com
brandon lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
Jay Timpani
Managing Director
206.999.3206
jay.timpani@berkadia.com
Steven Chattin
Managing Director
425.269.3826
steven.chattin@berkadia.com
Mitchell Belcher
Managing Director
425.891.9594
mitchell.belcher@berkadia.com
INVESTMENT ADVISORS
Our team
Back to Top
View Listings
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
contact
Phone: 206.521.7220
Fax: 206.521.7222
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
/ Within walking distance of many of the largest tech employers in the larger Downtown submarket, including Amazon, F5 Networks, and Zillow
84 Union Street
Seattle, WA 98101
Units
27
built
1915
Parcel
197620-0160
Lot size
0.17 acres
county
King
Chad Blenz | Senior Director
206.491.2008
chad.blenz@berkadia.com
206.491.2008
chad.blenz@berkadia.com
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Our Team
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The Opportunity
Location Map
Our Team
Document Center
View Opportunity
/ Historic mid-rise property built in 1915 as the US Immigration Building with subsequent associations with the Cannery Workers and Farm Laborers Union, and the International Longshoremen’s Union
/ Four stories plus basement with front elevation facing Western Avenue, rear facing Post Alley
/ 6,200+ SF of ground-floor commercial space with industrial kitchen and frontage on Western; vacant but formerly occupied by Wild Ginger as their first restaurant
/ 27 units averaging 620 square feet, all with in-unit washers and dryers
/ Bull’s eye location two blocks from Seattle’s waterfront and adjacent to Pike Place Market; perfect Transit Score and 98 Walk Score
/ Within walking distance of many of the largest tech employers in the larger Downtown submarket, including Amazon, F5 Networks, and Zillow
/ Concrete masonry construction extensively retrofitted; most recent interior renovation occurred in 1990
/ Rental upside with in-place rents averaging 10% below market with further premiums achievable post-renovation
/ Building amenities include rooftop terrace with water and city views, controlled access, and skybridge to 1st Avenue
/ Opportunity to capitalize on incentives offered to historic property owners, including a special tax valuation program—the exterior, roof, and skybridge are included in the landmark preservation efforts
/ All major thoroughfares accessible within a 5-minute drive: Interstates 5 and 90, Highway 99
Zoning
PMM-85
/ Property’s central location will support consistent future rental demand and attract working professionals who value immediate proximity to employers, transit, and amenities
patrick harmon
Associate Director
206.799.5322
patrick.harmon@berkadia.com
Patrick Harmon
Associate Director
206.799.5322
patrick.harmon@berkadia.com
/ Property’s central location will support consistent future rental demand and attract working professionals who value immediate proximity to employers, transit, and amenities
/ Concrete masonry construction extensively retrofitted; most recent interior renovation occurred in 1990
/ Rental upside with in-place rents averaging 10% below market with further premiums achievable post-renovation
/ Building amenities include rooftop terrace with water and city views, controlled access, and skybridge to 1st Avenue
/ Opportunity to capitalize on incentives offered to historic property owners, including a special tax valuation program—the exterior, roof, and skybridge are included in the landmark preservation efforts
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