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631 South 96th Street - Seattle, WA

631 South 96th Street - Seattle, WA

$6,220,000.00Price

631 South 96th Street, Seattle, WA  98108

Rentable Bldg Area:  17,170 SF 

Land Area: 62,726 SF

Pro Forma Cap Rate: 6.94% 

 

 

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  • 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.

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