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Lee & Associates lists 80,000-square-foot Ballard Building for sale
The six-story property in Seattle is 98% occupied and includes street-level retail, office suites, and a penthouse apartment, with Ballard Health Club on the lower level.
Lee & Associates has listed the historic Ballard Building for sale, marketing the 99-year-old mixed-use asset at 2208 NW Market St. The company did not disclose an asking price, according to Connect Commercial Real Estate.
The six-story, 80,000-square-foot building is 98% occupied and features prominent street-level retail, four floors of professional office space, and a penthouse apartment. The property also includes Ballard Health Club in the lower level.
Lee & Associates said it is marketing the site as a generational legacy opportunity, highlighting that the asset’s basis is well below replacement. The firm’s Scotty Rowe, Alex Muir, Stuart Williams, and McCallum Mead are brokering the sale.
Connect Commercial Real Estate also reported that CKM Associates LLP, a partnership owned by several local Ballard residents, purchased the building in 1983. The six ground-floor retail tenants and the office and residential components are part of the current tenant mix.