Updated May 15, 2025
Casey Family Programs Leases 79189 Square Feet At 800 5th Avenue In Seattle With CBRE
800 5th Avenue
Building Size
79,189 SF
Asset Type
Office
Closing
May 12, 2025
About this deal
AI
The property involved in this lease transaction is an office asset located at 800 5th Avenue in Seattle, WA. The total square footage of the leased space is 79,189 square feet. The building, owned by Blackstone, has a total size of 940,000 square feet and was originally built in 1981, with renovations occurring in 2001 and 2016 to enhance amenities, including newly added conference space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 800 5th Avenue
- Market: Seattle, WA
- Tenant: Casey Family Programs
- Broker: CBRE
CBRE represented the tenant, Casey Family Programs, in this leasing transaction. The deal involves the leasing of a significant amount of office space, reflecting the growing needs of the tenant in the Seattle market.
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Seattle Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93