Updated Oct 7, 2026
GT Capital And The Benaroya Co Acquire 901 5th Avenue Office Tower From Vanbarton Group For $48.3M
901 5th Avenue
$48,300,000
$89/SF
Building Size
540,589 SF
Asset Type
Office
Closing
Oct 6, 2026
About this deal
AI
901 5th Avenue is an office asset located in Seattle, WA. The property was sold for $48,300,000, reflecting a price per square foot of $89, with a total square footage of 540,589. The asset is a notable office tower in the city.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $48,300,000
- Buyer: GT Capital, The Benaroya Co
- Seller: Gary M. Tischler - Vanbarton Group
- Sale Date: 10/06/2026
- Market: Seattle, WA
- Price per Square Foot: $89
- Total Square Footage: 540,589
GT Capital and The Benaroya Co. acquired the office tower from Vanbarton Group. This sale marks a significant decrease in value, with an 84% drop from the property's previous sale at $304.5 million in 2019.
On the Map
$48,300,000
$89/SF
Office
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Players
Avenue 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93