Industrial Property for Sale in Seattle, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Seattle, WA 98108
  • Year built: 1968

Description

Marcus & Millichap is pleased to present the sale offering for Seattle 401 Webster, a securely fenced, 1.26 Acre site in one of the most active industrial markets in the nation. The 23,281 SF Warehouse features a functional office to warehouse ratio, with 4 Dock-High and 3 Grade-Level doors providing ample loading capacity for fast-paced industrial use. The Offering's proximity to Rail, Air, and Maritime logistics routes provides businesses with unparalleled access. Less than half a mile from the convergence of SR-509 and SR-99, the location offers seamless connectivity to I-5, the Port of Seattle, and Sea-Tac International Airport. The designated MML U/85 zoning offers flexible light industrial entitlements while preserving long-term value in a highly supply-constrained market. As remaining submarket vacancies continue to fill, Seattle 401 Webster offers an attractive opportunity for both Owner-Users and Investors seeking a well-located industrial asset in the Puget Sound Region. Investment Highlights: • Strategic Supply Chain Location • High Barrier to Entry • Fully Secured Yard

Market Context

This industrial in Seattle, WA is listed for sale. The building dates to 1968. It has been on the market for 68 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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