Building 1 leased to three quality tenants in mission critical location
Buildings 2 & 3 leased to two investment grade tenants in a mission critical location:
Long term, stable cash flow with 12.1 years of WALT
Basis is supported by growing Seattle land values of $125 PLSF+
Limited competing supply: North Seattle/Interbay has delivered no new industrial space over the last 5 years and only 346K SF since 2015
Infill location generates high rents - 24% above the market average
OVERVIEW
Commodore Interbay Industry Center - 2421 & 2501 West Commodore Way & 2500 W Jameson Street in Seattle, WA.
Three Renovated Buildings Totaling 213,066 SF
100% Leased to Five Credit Tenants with 12.1 Years of WALT
Ownership is also accepting offers on building 1 individually as well as on the combined offering of buildings 2 & 3.