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VECA Electric & Technologies HQ 2 Flex Properties Offered at $24,276,330 CAD in Seattle, WA
Investment Highlights
- PASSIVE ABSOLUTE NNN LEASE
- HIGH YIELD WITH ANNUAL INCREASES
- INHERENT LAYOUT VERSATILITY
- ELITE CREDIT TENANT PERFORMANCE
- MISSION-CRITICAL HEADQUARTERS
- STRATEGIC URBAN INFILL LOCATION
Executive Summary
Team Vara is pleased to present the exclusive opportunity to acquire the VECA Electric & Technologies Headquarters, a premier core-industrial asset in the high-demand Seattle market. This mission-critical facility totals 61,950 SF across two buildings and is anchored by a brand-new absolute NNN lease with 3.5% annual rental increases, providing a robust hedge against inflation.
With over 80 years of operational history and nearly $600M in 2025 revenue, VECA is a top 25 privately held business in Washington. Beyond the elite tenant security, the asset offers exceptional long-term versatility; its original small-bay design and 20 grade-level doors ensure a seamless transition to high-paying incubator tenants should the building ever be vacated.
With over 80 years of operational history and nearly $600M in 2025 revenue, VECA is a top 25 privately held business in Washington. Beyond the elite tenant security, the asset offers exceptional long-term versatility; its original small-bay design and 20 grade-level doors ensure a seamless transition to high-paying incubator tenants should the building ever be vacated.
Property Facts
| Price | $24,276,330 CAD | Number of Properties | 2 |
| Price / SF | $391.30 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7% | Total Building Size | 62,040 SF |
| Sale Type | Investment NNN | Total Land Area | 6.32 AC |
| Status | Active |
| Price | $24,276,330 CAD |
| Price / SF | $391.30 CAD / SF |
| Cap Rate | 7% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 62,040 SF |
| Total Land Area | 6.32 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg 2
700-732 S Homer St, Seattle, WA 98108 |
Flex | 37,987 SF | 1985 | - |
|
Bldg 1
5614 7th Ave S, Seattle, WA 98108 |
Flex | 24,053 SF | 1985 | - |
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VECA Electric & Technologies HQ
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