2245 1st Ave S - Warehouse FOR SALE


Seattle, WA 98134
$6,580,000 USD
310-923-5013
2245 1st Ave S, Seattle, WA for Sale
$6,580,000 USD
Warehouse - FOR SALE
1/8
null | Request Cap Rate

2245 1st Ave S
Seattle, WA 98134


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,580,000 USD

PRICE/SF

$111 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stacy St Warehouse

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

14 Ft

DOCKS

2

DRIVE INS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.61

LAND SF

26,452

ZONING

IG2U/85, Seattle

APN/PARCEL ID

766620-7195

ASK ABOUT THIS PROPERTY

Ryan PlummerNewmarkMore Info
310-923-5013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Ryan PlummerNewmarkMore Info
310-923-5013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.