631 South 96th Street - Seattle, WA
631 South 96th Street, Seattle, WA 98108
Rentable Bldg Area: 17,170 SF
Land Area: 62,726 SF
Pro Forma Cap Rate: 6.94%
Investment Highlights
HIGH BARRIER TO ENTRY
The inventory-constrained South
Park submarket demonstrates
steady demand as rent and property
values continue to rise, with no new
developments in progress.FULLY SECURED YARD
The property boasts secure perimeter
fencing, ensuring enhanced security
for Owner-operators/Tenants.HEAVY POWER AND MANUFACTURING SYSTEMS
Featuring significant power
infrastructure boasting 2,900 amps
of 277/480 volt, 3-phase power, the
building is optimized for high-powered
manufacturing operations.CONVENIENT ACCESS
The property is situated near the
convergence of SR-99, SR-518, I-5, and
I-405.Investment Overview
THE VARA GROUP is pleased to introduce the sale offering for
Seattle 631: a securely fenced, 1.44-acre site in the heart of
Seattle’s distribution corridor. The offering consists of two
buildings with a combined rentable area of 17,170 square feet.
The primary structure, a 14,700 square foot manufacturing
warehouse, is complemented by a 2,400 square foot building
currently serving as an office/residential suite.
Designed for heavy power usage and providing exceptional
direct facility access, the manufacturing warehouse features
two spacious drive-in doors, catering to various industrial
needs. Its strategic proximity to major transportation
arteries—SR-99, SR-512, I-5, and I-405—ensures seamless
accessibility for a range of operations.
With South Seattle’s submarkets grappling with limited land
availability, Seattle 631 emerges as an opportunity to capitalize
on the limited availability. The assets spacious on-site storage
potential and proximity to key highways offers a prime location
for businesses. Currently leased to a single tenant on a short term
basis, the property presents a compelling opportunity for
value enhancement or owner-occupancy.