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Washington Chain & Supply 2901-2937 Utah Ave S 49,500 SF 100% Leased Industrial Building Seattle, WA 98134 For Sale
Investment Highlights
- Approximately 49,500 rentable sq. ft. leased to Washington Chain & Supply (Lease is terminable with 24 months notice)
- Convenient access to I-5, I-90 and Downtown Seattle
- Ideally located in Seattle’s industrial district of SoDo
- IG1/85 zoning allows for a variety of industrial uses
- 8,880 sq. ft. of excess land also available for sale at 85 South Lander Street
- Strong investment market and low interest rate environment
Executive Summary
CBRE, Inc. is pleased to offer for sale the building and land associated with 2901 Utah Avenue South, in Seattle, Washington, a single-tenant industrial property in SoDo. The 49,500 square foot building is occupied on a terminable lease to Washington Chain & Supply, a marine supply company serving marine, industrial and offshore industries, maintaining one of the largest inventories of domestic and foreign, new and used anchors, anchor chains, and fittings in the U.S. Located on approximately 135,000 SF of land in the industrial district of SoDo, the Property offers a highly unique investment and development opportunity for investors. The Property, consisting of 135,300 square feet of land, is zoned IG1/85 (General Industrial 1), allowing for a variety of industrial uses with a height limit of 85 feet. In addition, 8,880 sq. ft. of excess land located at 85 South Lander Street could be available to a potential purchaser. The owner is offering the Property to qualified potential purchasers on a fee-simple, cash-at-close basis. Investors and users with interest in the site are encouraged to discuss and pursue suitable acquisition approaches within these parameters. The owner reserves the right to review and consider offers and/or refuse any or all offers in its sole discretion.
Property Facts
| Sale Type | Investment | Year Built | 1938 |
| Property Type | Industrial | Parking Ratio | 0.28/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 26’ |
| Building Class | C | No. Dock-High Doors/Loading | 1 |
| Lot Size | 3.11 AC | No. Drive In / Grade-Level Doors | 5 |
| Rentable Building Area | 49,500 SF | Opportunity Zone |
Yes
|
| No. Stories | 1 | ||
| Zoning | IG1 U/85, Seattle - variety of industrial uses | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 3.11 AC |
| Rentable Building Area | 49,500 SF |
| No. Stories | 1 |
| Year Built | 1938 |
| Parking Ratio | 0.28/1,000 SF |
| Clear Ceiling Height | 26’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 5 |
| Opportunity Zone |
Yes |
| Zoning | IG1 U/85, Seattle - variety of industrial uses |
Amenities
- 24 Hour Access
- Fenced Lot
- Signage
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 766620-7360 | Improvements Assessment | $1,518,005 CAD |
| Land Assessment | $15,847,689 CAD | Total Assessment | $17,365,694 CAD |
Property Taxes
Parcel Number
766620-7360
Land Assessment
$15,847,689 CAD
Improvements Assessment
$1,518,005 CAD
Total Assessment
$17,365,694 CAD
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Washington Chain & Supply | 2901-2937 Utah Ave S
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