2600 W Commodore Way_Property for Sale
2600 W Commodore Way_Property for Sale
2600 W Commodore Way, Seattle, WA 98199

2600 W Commodore Way

Asset Description

JLL Industrial Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in 2600 West Commodore Way (the Property), a 58,281 square foot industrial building situated on a 1.61-acre parcel in Seattle, Washington, just minutes away from Fisherman’s Terminal, with unmatched access to Downtown. The Property is located in a land-constrained area, and enjoys convenient access to the Port of Seattle and intermodal yards due to its strategic location in the Ballard Canal / Fisherman’s Terminal Submarket. 2600 West Commodore Way is 66.8% occupied by a diverse array of maritime tenants, including electric boat manufacturer, Zin Boats and marine supply tenant, Fisheries Supply Company. This investment opportunity offers investors in-place income while providing new ownership value-add upside by leasing the remaining vacancies. Through capital improvement plans, future investors will benefit from improved leasing activity within a submarket that has immediate access to a robust residential, commercial, and industrial community.

 

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Attributes

Building area net
58,281 sf
Land area gross
1.61 acres
Occupancy
66.8%
Parking spaces
83
Number of loading docks
9
WALT
2.8 years
Year built
1958
Year renovated
1960
Parcel
277160 - 5365

Media

Investment Highlights

  • Near-term value-add opportunity
  • Excellent location with convenient transportation
  • Attractive basis relative to replacement cost
  • Low vacancy and available space drive rental rates
  • Strategic location with multi-modal transportation capabilities
2600 W Commodore Way 4_Property for Sale
2600 W Commodore Way 4_Property for Sale

Contact brokers

2600 W Commodore Way (0 Properties)

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Last updated
15 Oct 2024