First & Union

 Seattle, WA

Asking Price


Cap Rate



High Profile

Famous Pike Place Market Neighborhood


Year Built



Square Feet

48,883 SF


Nearby Attractions

Great Location

For more details on this exclusive listing, execute the following NDA.

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  • Stabilized Asset with New Post Alley Lease: Recently secured lease with a confidential distillery for 25% of the Gross Leasable Area (GLA) in the lower-level Post Alley space bringing occupancy to 92%.  Contact Northmarq for more information.
  • Multi-Tenant Commercial Condo: The Property is home to 13 commercial units on three levels with street front access along 1st Ave and lower-level access on Post Alley.
  • World Famous Pike Place Market: The Property is connected to Seattle’s famous Pike Place Market with high daily foot and vehicle traffic counts and exposure to over 10M annual visitors.
  • Long-Term Tenancy: 55% of the GLA is leased to 2040 with 34% already occupied for over 10 years.
  • Established Anchor Tenant: Well-established and committed anchor tenant in Pike Brewing Company who is consistently hitting percentage rent thresholds.
  • Waterfront Revitalization: The $3 billion waterfront project is nearing completion (est. 2025) and will connect to the Property at Union St.
  • Walkability and Connectivity: The property benefits from direct access to the main entrance of Pike Place Market, as well as proximity to the Waterfront and Post Alley.

Exclusively Listed By

Sean Tufts

Managing Director, Investment Sales      206.693.3352
WA Lic. #74057

Kevin Adatto

Managing Director, Investment Sales      503.675.7726
WA Lic. #21038208

Joe Dugoni

Associate, Investment Sales      206.693.3329
WA Lic. #21001346

Michael Salzman

Senior Vice President, Debt & Equity      303.225.2111

Patrick O'Malley

Vice President, Debt & Equity      303.225.2126

Jared Wiedmeyer

Transaction Manager, Debt & Equity      303.225.2110


130 Nickerson St, Suite 200
Seattle, WA 98109