Map pin6701-6749 E Marginal Way S, Seattle, WA, 98108-3406, US

Seattle Distribution Center

Seattle Distribution Center_Actifs en vente

Caractéristiques de l'actif

Surface de l'actif Net
16 197 m²
Occupation
81,42 %
Année de construction
1967
Taille du terrain
2,87 hectare
WALT
1.88 années
Nombre d'unités
10 Unité de mesure
Nombre d'immeubles
2

Description de l'actif

JLL Industrial Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in Seattle Distribution Center (the ‘Property’) – an institutional quality two-building light industrial park totaling 174,341 square feet on 7.10 acres in the Georgetown/Duwamish South submarket, one of the most desirable core infill industrial submarkets in Seattle.

 


The two-building business park strategically located within the Georgetown/Duwamish South submarket, offering immediate access to I-5, SR-509, SR-99, and is in close proximity to the Port of Seattle, Seattle-Tacoma International Airport, and the downtown central business district, providing tenants with unparalleled connectivity to the entire Seattle metro area. Currently leased to nine diversified tenants across six different industries with 1.88 years of WALT, Seattle Distribution Center offers the opportunity to increase NOI by 37% over the course of a 4-year hold. The advantage of smaller suite sizes ranging from ±6,000 to ±39,000 square feet, coupled with shorter lease terms, allows for frequent mark-to-market upon tenant roll. Within the first three years, 60% of the RSF is expected to roll to market, providing significant potential for capturing increased rental rates. The Property offers a remarkable investment opportunity, featuring two well-maintained institutional quality assets in one of the hottest industrial markets on the West Coast.


For Investment Sales & Advisory, please contact


James "Buzz" Ellis, SIOR

Managing Director

+1 503 680 5100

buzz.ellis@jll.com

Licensed in OR


Mark Detmer

Senior Managing Director

+1 602 448 0900

mark.detmer@jll.com

Licensed in CA, AZ, NV


Chris Spofford

Senior Managing Director

+1 425 890 6961

chris.spofford@jll.com

Licensed in WA


David Cahill 

Managing Director 

+1 206 971 7021

david.cahill@jll.com

Licensed in WA

...

Points clés d'investissement

  • Mark-to-market upside
  • Well-maintained institutionally-quality buildings
  • Rare infill opportunity of scale
  • Top performing industrial submarket
  • Discount to replacement cost
  • Robust tenant demand
  • Record breaking rental rates
Seattle Distribution Center 4_Actifs en vente
Seattle Distribution Center 4_Actifs en vente
Seattle Distribution Center (0 actifs)

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Dernière mise à jour
25 mars 2024