Photo available from broker
About this property
An operating 85-slip marina with commercial tenancy at 5320 28th Ave NW in Ballard. The listing reports 92% occupancy and a 6.24% Year 1 cap rate. The service lease runs through July 31, 2028; buyers should verify the income assumptions, lease terms and water rights before making an offer.
Investment highlights
- 85 slips with 92% reported occupancy
- Advertised 6.24% Year 1 cap rate — confirm underwriting with broker
- Operating Ballard marina with commercial tenancy
- Service lease runs through July 31, 2028
Key stats
- Address
- 5320 28th Ave NW
- Slips
- 85
- Occupancy
- 92%
- Year 1 cap rate
- 6.24%
- Service lease
- Through July 31, 2028
Harbour Index has no interest or stake in the sale of this property and has not independently verified the information provided. All details are sourced from third-party listing platforms and brokers. Prospective buyers should conduct their own due diligence. Information is subject to change without notice.