7266 8Th AveSeattle, WA 98108

For Sale
$8,650,000

High-yield, single-tenant industrial property in Seattle.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a stabilized, single-tenant industrial flex property located at 7266 8th Ave S, Seattle, WA 98108, within the desirable Georgetown submarket. The property, built in 1941 and extensively renovated in 2010, boasts 33,365 square feet on a 1.31-acre lot. Currently 100% occupied by Markey Machinery under a 10-year lease commencing November 1, 2024, and expiring October 31, 2034, this asset offers significant long-term stability. The property features two loading docks, making it highly functional for industrial operations. With an asking price of $8,650,000 and a compelling 6.69% cap rate, this represents a strong return on investment. The property's location in the thriving Georgetown area provides excellent access to major transportation routes and a skilled workforce. This is a rare opportunity to acquire a high-performing, single-tenant industrial property with a substantial remaining lease term, offering both immediate income and long-term growth potential. The property's strong tenant and favorable lease terms make it an attractive investment for discerning buyers seeking a secure and profitable addition to their portfolio.

Highlights

  • $8,650,000 asking price for a stabilized industrial investment property.
  • Single-tenant, 33,365 SF flex space occupied by Markey Machinery.
  • 10-year lease commencing November 1, 2024, with a 6.69% cap rate.
  • Located at 7266 8th Ave S, Seattle, WA 98108, on a 1.31-acre lot.
  • Features 2 loading docks; building constructed in 1941 and renovated in 2010.

Property Details for 7266 8Th Ave

Property type
Other industrial properties, Flex space
Square Feet
33,365 SF
Year Built/Renovated
1941/2010
Lot Size (sq. ft)
57,064 SF

Location Insight

City
Seattle
County
King
State
Washington
Latitude
47.5376761
Longitude
-122.3221836
7266 8Th Ave, Seattle, Washington

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7266 8Th Ave
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