Industrial Property for Sale in Seattle, WA

  • Price: $6.6M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Seattle, WA 98108
  • Size: 20,220 SF

Description

Explore the perfect investment opportunity for Industrial/Manufacturing purposes in the Seattle area. This exceptional property offers a spacious 20,220 SF building, designed to support a wide range of industrial and manufacturing operations. Strategically located in a prime area of Seattle, the property provides easy access to major transportation routes, facilitating efficient logistics and distribution. With its versatile layout and ample space, this property is ready to accommodate your industrial or manufacturing needs. Don't miss the chance to secure a solid investment in a highly sought-after location.

Market Context

This industrial in Seattle, WA is listed for sale at $6,600,000 across 20,220 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 20,220 SF: $259,625

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

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