2505 Airport Way S - Warehouse FOR SALE


Seattle, WA 98134- Greater Duwamish
$6,250,000 USD
425-974-4023
2505 Airport Way S, Seattle, WA for Sale
$6,250,000 USD
Warehouse - FOR SALE
1/8
null | 5.95% Cap Rate

2505 Airport Way S
Seattle, WA 98134
Greater Duwamish


HIGHLIGHTS

  • 2,016 s.f. office 2,100 s.f. Showroom
  • 1 ramped drive-in door
  • Recent renovation 2024 and 2026
  • 120/208V, 3-phase and 120/240V, single phase

OVERVIEW

JLL, as exclusive advisor, is pleased to present this rare opportunity to purchase 2505 Airport Way South-Seattle (“the Property”), a fully leased, 20,060 square foot office and distribution facility located on the key arterial, Airport Way South, in the SODO industrial submarket of Seattle, WA. The property is leased to a single tenant, a leading wholesale distributor for HVAC equipment, which has been in the facility since 2007. This dock-high and drive-in served facility features on site truck maneuvering, on-site auto parking, exposure to Airport Way South customers and immediate access to I-5, I-90, Ports of Seattle and Seattle CBD. The existing lease expires December 31, 2028, with triple net, market rent and 3.25% annual escalations.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$312 USD /SF

CAP RATE

5.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Johnstone Property

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

3

DRIVE INS

1

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.55

LAND SF

23,958

ZONING

MML U/85

APN/PARCEL ID

766620-3186

ASK ABOUT THIS PROPERTY

Les BoudwinJLLMore Info
425-974-4023

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Les BoudwinJLLMore Info
425-974-4023

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