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800 5th Avenue

Updated May 15, 2025

Casey Family Programs Leases 79189 Square Feet At 800 5th Avenue In Seattle With CBRE
LEASEDOffice

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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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

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