The Heart Building | Seattle, WA

THE VARA GROUP is proud to announce the sale of The Heart Building in Seattle, Washington. This multi-tenant asset closed at 92% occupancy and under a 5.75% cap rate, reflecting strong investor demand for stabilized properties in core urban submarkets. We procured multiple qualified offers within the first two weeks of marketing and worked closely with the Seller to mitigate deferred maintenance items ahead of closing. Ultimately, the property sold at over 96% of the list price, while relieving the Seller of ongoing management responsibilities and future capital expenditure risk. This transaction underscores our ability to drive value and deliver results in dynamic city-center environments.

Address: 4444 Woodland Park Ave N, Seattle, WA  98103