2600 Commodore Way
US - Seattle, Americas
5,236 m²
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