Industrial Property for Sale in Seattle, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Seattle, WA 98108

Description

Discover the perfect location for Industrial/Manufacturing investors at the Ellis Building in Seattle, WA. Nestled in the dynamic urban landscape of Seattle, this area offers easy access to major transportation routes, including the I-5 and I-90 highways, providing seamless connectivity for industrial operations. Nearby points of interest include the Port of Seattle, a vital hub for international trade, as well as the Boeing Field and Seattle-Tacoma International Airport, ensuring efficient logistics for your business. With a thriving industrial sector and a strong focus on sustainability, Seattle presents an exceptional opportunity for industrial and manufacturing investment at the Ellis Building.

Market Context

This industrial in Seattle, WA is listed for sale. 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

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

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