Industrial Property for Sale in Seattle, WA

  • Price: $10.8M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Seattle, WA 98108
  • Size: 32,143 SF

Description

This rare two-building Georgetown offering features a distinctive industrial/creative campus shaped by the combined influence of renowned architect Tom Kundig of Olson Kundig, and the visionary direction of Charles Smith. Their collaboration transformed a historic bottling plant into one of Seattle’s most compelling adaptive-reuse facilities—preserving authentic industrial character while delivering premium functionality and striking architectural presence. Together, the properties offer exceptional flexibility across production, warehouse, office, retail, and hospitality/event uses with immediate proximity to Boeing Field and I-5.

Market Context

This industrial in Seattle, WA is listed for sale at $10,750,000 across 32,143 SF. It has been on the market for 21 days. Compare it against other industrial listings for sale in Seattle, WA — <a href="/search/sale/industrial/washington/seattle">view the full market</a>.

As of Q4 2024, the Seattle / Bellevue industrial market showed a 9.7% vacancy rate, average asking rents near $12.84/SF/yr, rents up 9.1% year over year, and cap rates around 5.2%. Source: Consensus Q4 2024 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Industrial market FAQ

What is the typical cap rate for industrial in Seattle / Bellevue?
About 5.2% as of Q4 2024, per Consensus.
Is the Seattle / Bellevue industrial market tightening or softening?
Vacancy is around 9.7%, with asking rents rising year over year (Q4 2024).

Unified Estimate

Medium Confidence

$10.91/SF – $14.77/SF

Mid: $12.84/SF

Total estimate for 32,143 SF: $412,716

Rate estimator only; cost-of-business estimate unavailable.

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