631 South 96th Street | Seattle, WA
Address: 631 South 96th Street, Seattle, WA 98108
Rentable Bldg Area: 17,170 SF
Land Area: 62,726 SF
Pro Forma Cap Rate: 6.96%
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.