Industrial Property for Sale in Seattle, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Seattle, WA 98134

Description

The Most Dynamic Facility in South Seattle - Elevated Industrial (Divisible) Seattle Metro Logistics is a state-of-the-art, two-story modern logistics facility 3 miles south of Downtown Seattle and within 1-3 miles of the Port of Seattle container terminals. With two ±350,000 SF warehouse floors totaling 703,054 SF, Seattle Metro Logistics is the largest modern industrial building within 15 miles of Downtown Seattle. The project brings Class-A building specifications on both of its floors to South Seattle, the city’s original industrial region and closest submarket to the population center.

Market Context

This industrial in Seattle, WA is listed for sale. It has been on the market for 148 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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