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November 20, 2018

Naked City Brewery building is sold

SEATTLE — A one-story commercial building at 8560 Greenwood Ave. N. has sold for $3.3 million, according to King County records.

The seller was New Sensations LLC, which acquired the property in 2006 for $900,000.

The buyer was 8560 Greenwood LLC, which is associated with a private Seattle investor and developer. No new plans have been filed for the site. Public records indicate a loan from Pacific Crest Savings Bank.

Brokers were not announced, and the property wasn't publicly listed for sale. The deal was worth about $455 per square foot for the building.

The midblock property is zoned for construction up to 65 feet, with an anticipated upzone to 75 feet.

That stretch of Greenwood hasn't seem much development activity. One notable exception is the site of the 2016 gas leak and explosion, at 8401 Greenwood, where a planned six-story apartment building with 72 units recently received its permits. Local firm Slattery Properties is the owner and developer.

And a block east at 320 N. 85th St., Shea Properties of California is planning 203 units in a six-story building. Just north at 8704 Greenwood, Washington Holdings is planning 270 units on the former Safeway site.

Naked City moved into its current space in 2009, soon after its founding.

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