Colliers Western Region
999 Third Ave (11.3% First-Mortgage Interest)

999 Third Ave (11.3% First-Mortgage Interest)

999 Third Ave

Seattle, WA 98104

Unpriced
Asking Price
985,958 SF
Size
2021
Year Renovated
A
Building Class
Seattle
City
56%
Occupancy

Description

Colliers, as exclusive advisor, is pleased to present the opportunity to acquire an 11.3% interest in the first-mortgage (the “Loan“) secured by 999 Third Avenue, a 985,958 square foot, 47-story Class A office tower occupying a full city block in downtown Seattle. 999 Third Avenue is one of Seattle’s most recognizable office addresses — an institutional-scale landmark built in 1981 and comprehensively renovated in 2019–2021. The Property is anchored by DocuSign (108,226 RSF) and Wells Fargo (86,473 RSF), with a diversified tenant roster spanning financial services, legal, and technology sectors. Currently 56% occupied with efficient ~22,000 SF floor plates, the asset presents a compelling value-add leasing opportunity as Seattle’s CBD continues to stabilize and flight-to-quality demand accelerates.The offering represents a rare opportunity to acquire a pro rata interest in a fully restructured, institutionally sponsored loan at an attractive basis. Investors step into a right-sized debt position on a generational Seattle asset in one of the nation’s top technology and knowledge economy markets.

Offering Summary
Property TypeOffice
Asking PriceUnpriced
Size985,958 SF
Available436,681 SF
Occupancy56%
Built1981
Parking0.68/1,000 SF
Total Acres~1.29 ac
Sale Details
Walt2.85 Years
Documents
Property Address
Property Details
Property TypeOffice
Square Feet985,958 SF
Available Space (SF)436,681 SF
Occupancy56%
Building ClassA
Year Built1981
Year Renovated2021
Stories47
Floor Plates (SF)22,000 SF
Parking Ratio0.68/1,000 SF
TenancyMulti
ZoningDOC1 U/450/U
APN093900-0435
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Deal Team

Todd Tydlaska
Todd Tydlaska
Executive Vice President
CA RE Lic. 01329711
Sean Fulp
Sean Fulp
Vice Chair
CA RE Lic. 01389064
Mark Schuessler
Mark Schuessler
Executive Vice President
CA RE Lic. #02033871, NV RE Lic. 0187927
Blake Hammerstein
Blake Hammerstein
Associate Vice President
CA RE Lic. 02122555