11427 Rainier Avenue South

Situated adjacent to the Boeing Renton Factory, Renton Municipal Airport, and the $590 million Southport mixed-use development — including the Hyatt Regency Lake Washington and over 700,000 square feet of Class A office space under construction — the property sits at the center of one of the region’s most active growth corridors.NAI Puget Sound Properties is pleased to exclusively offer for sale 11427 Rainier Avenue South, a fully stabilized, newly renovated mixed-use investment property located in Seattle, Washington. The 6,440 square foot building sits on 5,700 square feet of land and features four NNN-leased commercial units on the ground floor and three one-bedroom apartment units on the second floor, all of which are currently 100% occupied. The property underwent a comprehensive renovation in 2020, including a new roof, new wood siding façade, fully remodeled apartment units with updated kitchens, stone countertops, stainless steel appliances, and in-unit laundry, as well as significant improvements to each commercial space. The result is a turnkey asset requiring minimal near-term capital expenditure.