Updated Aug 12, 2025
J.P. Morgan Acquires Seattle Office Building For $206.3M
1800 9th Ave, Seattle, WA 98101, USA
$206,300,000
$659/SF
Building Size
312,700 SF
Asset Type
Office
Closing
Nov 29, 2020
About this deal
AI
The special edition Seattle office building located at 1800 Ninth Avenue has been sold for a price of $206,300,000. The property spans across 312,700 square feet, resulting in a price per square foot of $659. The transaction involved J. P. Morgan Investment as the buyer and Heitman America Realty as the seller.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $206,300,000
- Square Footage: 312,700
- Price Per Square Foot: $659
- Address: 1800 Ninth Avenue, Seattle
The building is currently fully leased to Amazon. It was last sold in 2013 for $150 million.
Players
Seattle Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93