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Listings/101 Broadway
101 Broadway
On the Market
Price: Market
Offer Review Date: TBD
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Site Details
Unit Mix
Opportunity
101 Broadway is a truly rare opportunity to acquire a modern-built podium asset, designed and built by some of the most reputable names in Seattle.
Superior Connectivity
The property offers tenants immense convenience with walkability to the best nightlife in Capitol Hill, and sits on the same block as Capitol Hill Station, providing a quick Light Rail commute to the downtown core – and soon to Bellevue and the rest of the Eastside.
An Asset Benefiting From Tailwinds
101 Broadway is trending in a very positive direction on the property level – adding over $68K in NOI in the last six months. This is on track to continue, as Capitol Hill (and Seattle generally) faces a dramatic decline in deliveries and units under construction.
An Opportunity for Positive Leverage
101 Broadway has an existing loan that is assumable, offering a Buyer great leverage, a rate far below market, and enough term remaining to feel comfortable.
Best-in-Class Design & Construction
Designed by Meng-Strazzara and built by W.G. Clark, 101 Broadway was developed with quality in mind. The property offers a spacious and diverse unit mix, luxury interior finishes, and exceptional tenant amenities.
Below Replacement Cost Story
With construction costs continuing to rise in recent years and borrowing costs remaining a hurdle to new development, 101 Broadway allows for an acquisition of a modern, quality-built asset below today’s replacement cost.
Location
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About the Area
This submarket boasts a near-perfect Walk Score, surrounded by eclectic dining, craft breweries, lively music venues, and trendy boutiques—all within easy reach. Its proximity to major employers such as Amazon, Google, Meta, Nordstrom, and the First Hill medical corridor (Swedish, Virginia Mason, and Harborview) fuels strong renter demand and consistently high occupancy rates fuels strong renter demand and consistently high occupancy rates. Convenient light rail access directly connects tenants to Downtown Seattle and the University of Washington, making this neighborhood equally attractive to students and professionals. As one of Seattle’s most resilient rental markets, Capitol Hill continues to benefit from strong rent growth, ensuring long-term investment stability.
Seattle
6-Minute Drive
108.1M SF of Office Space
3M SF of Office Space Under Development
Bellevue
14-Minute Drive
30.9M SF of Office Space
2.8M SF of Office Space Under Development
Redmond
18-Minute Drive
17.1M SF of Office Space
3.0M SF of Office Space Under Development
South End
24-Minute Drive
16.6M SF of Office Space
674K SF of Office Space Under Development
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