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exclusively offered by berkadia seattle
turnkey opportunitywith 54 units
Mayn Suites315 Maynard Ave S | Seattle, WA 98104
highlights
19,067
NRSF
total units
54
year built
1910
commercial Space
1
AVG Unit Size
353 SF
investmenthighlights
Extensively renovated and professionally managed mid-rise property in Seattle’s historic Pioneer Square/International District; $1.955M spent on interior renovations over the last five years with an additional $739K in seismic upgrades
54 units with varying studio floorplans up to 542 square feet in size; 2 units in classic condition with the option to complete renovation scope
900 square feet of retail space offers private access to a 600-square-foot courtyard at rear of the building; existing lease in place through November 2024 with one three-year extension option
Upgraded units feature wood-style flooring, stainless steel appliances, and new windows, shower/tubs, doors, cabinets, fixtures, countertops, and backsplashes
Prime location with a Walk Score of 99 and Transit Score of 100; immediate access to Interstates 5 and 90 with a First Hill Streetcar stop down the block, and King Street Station under a half-mile away
Opportunity to renovate remaining two classic units and increase rents across the property; once property is stabilized, our market pro forma projects an increase of nearly 28% to the NOI
$1.955M spenton interior renovations over the last 5 years
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offices in bellevue & seattle
bellevue
411 108th Avenue NE
Suite 1080
Bellevue, WA 98004
206.521.7220
seattle
601 Union Street
Suite 3909
Seattle, WA 98101
206.521.7220
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overview
deal room
contact
listings
avg unit size
353 SF
year built
1910
commercial space
1
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.
Primary contact
Steven Chattin
Call
email
Primary contact
Steven Chattin
email
Call
contact us to learn more
brandon lawler
Senior Director206.484.8114brandon.lawler@berkadia.com
chad blenz
Senior Director206.491.2008chad.blenz@berkadia.com
jay timpani
Managing Director206.999.3206jay.timpani@berkadia.com
Steven chattin
Managing Director425.269.3826steven.chattin@berkadia.com
Mitchell Belcher
Managing Director425.891.9594mitchell.belcher@berkadia.com
contact us to learn more
brandon lawler
Senior Director206.484.8114brandon.lawler@berkadia.com
Senior Director206.484.8114brandon.lawler@berkadia.com
chad blenz
Senior Director206.491.2008chad.blenz@berkadia.com
Senior Director206.491.2008chad.blenz@berkadia.com
jay timpani
Managing Director206.999.3206jay.timpani@berkadia.com
Managing Director206.999.3206jay.timpani@berkadia.com
Steven chattin
Managing Director425.269.3826steven.chattin@berkadia.com
Managing Director425.269.3826steven.chattin@berkadia.com
Mitchell Belcher
Managing Director425.891.9594mitchell.belcher@berkadia.com
Managing Director425.891.9594mitchell.belcher@berkadia.com