Neighborhood Mixed Use Building Sells For Over $10M

A mixed-use building at 3501 NE 45th Street.  The building has several businesses, including a physical therapy business, a barber and a cell phone repair shop. In the back part of the building are about 6 apartments, several appear to still be under construction after almost a decade.

Daily Journal of Commerce published this information

Laurelhurst property sells for over $10M

A mixed-use complex at 3501-3515 N.E. 45th St. recently sold for a little over $10.6 million, according to King County records. The seller was a local family that had owned the land for decades, and developed the two buildings.

The buyer was Caspian Holdings LLC, which is associated with Lake Forest Park investor Mansour Samadpour, the chief executive of the international food-safety and testing firm IEH Laboratories.

Kim Dale with Windermere Real Estate told the Laurelhurst Blog:

I had the opportunity to speak to one of the tenants in the building block that has been sold. The new owners are investors but as of this time they do not have plans to take down the current structures and are in the process of renewing the current tenants' leases.