Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 2245 1st Avenue South (the “property”), a 59,311 SF flex office/industrial building on 0.61 acres in Seattle, Washington’s trendy SODO (south of downtown) submarket.
2245 1st Ave S is a 59,311 SF, three-story flex manufacturing building with 13’–18’ clear heights to accommodate light manufacturing uses. The elevator served building sits on 0.61 acres and provides 30 surface parking spaces. Built in 1930, the building benefitted from an extensive $9.4 Million renovation which included a seismic retrofit.
The property sits in the heart of the SODO neighborhood in Seattle and benefits from the proximity of a wide variety of uses, including industrial, art galleries, breweries, and
creative manufacturing. The building will be delivered vacant and the ownership will consider offers that also include the adjacent 20,677 SF building at 2233 1st Avenue S. The investment opportunity is being offered on “as-is, where-is” basis for the fee simple interest in the building, parking areas, and land thereunder.