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REA
January 15, 2020  

Seattle Office/Retail Building Listed

Invesco Real Estate is shopping the leasehold interest in a fully occupied office/retail building in downtown Seattle.The 160,000-square-foot property, at 413 Pine Street, is valued at roughly $100 million, or $625/sf. That price would translate to an initial annual yield of 5%. Eastdil Secured has the listing.About two-thirds of the space is occupied by office tenants, with a weighted average remaining lease term of 3.4 years. In-place rents are...


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