Two-Building Industrial Creative
1136 S Albro Pl Seattle, WA 98108
For Sale
Contact for pricing
Two interconnected buildings converted from a historic bottling plant for flexible production, warehouse, office, retail, and event use.
Property Size32,143 SF
Price / SF$295.55
Days on Market226
Property Features for 1136 S Albro Pl
General Information
Standard status
Active
Size
32,143 SF
Property subtype
INDUSTRIAL
Listing Agency:
Meriwether Advisors, LLC
(206) 459-0782
Listed By:
Matthew Brennan
(206) 459-0782
Source:
Moodyscre
Added: Dec 16, 2025
Changed: Jul 28
Last Checked: Jul 29 at 3:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Meriwether Advisors, LLC
Investment Insights
Based on property information with market context.
This rare two-building industrial and creative campus was adapted from a historic bottling plant and shaped by the influence of architect Tom Kundig of Olson Kundig and the direction of Charles Smith. The offering preserves authentic industrial character while creating a distinctive facility designed to support multiple operating needs.
The properties are described as being in immediate proximity to Boeing Field and I-5, supporting convenient access for a wide range of users.
The campus provides flexibility across production, warehouse, office, retail, and hospitality or event uses, with the overall configuration intended to accommodate a mix of functional environments across the two buildings.
The properties are described as being in immediate proximity to Boeing Field and I-5, supporting convenient access for a wide range of users.
The campus provides flexibility across production, warehouse, office, retail, and hospitality or event uses, with the overall configuration intended to accommodate a mix of functional environments across the two buildings.
Key Highlights
- Two interconnected buildings converted from a historic bottling plant
- Flexible use space for production, warehouse, office, retail, and hospitality/event uses
- Designed by architect Tom Kundig (Olson Kundig) and Charles Smith, reflecting an adaptive‑reuse industrial campus
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $451.3k | $14.04 |
| − Vacancy | −$35.7k | −$1.11 |
| EGI | $415.6k | $12.93 |
| − OpEx | −$62.3k | −$1.94 |
| NOI | $353.3k | $10.99 |
32,143 SF · lease $14.04/SF/yr · vacancy 7.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$5.05M
$4.42M – $5.89M
NOI $353,291 @ 7.0% cap · market cap 3.72%
Second Best
Flex RnD
$4.84M
$4.23M – $5.64M
NOI $338,466 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$9.67M
$8.46M – $11.28M
NOI $676,922 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Foodz Factory — 921 S Harney St, Seattle, WA 98108
- nataliesffts — 1225 S Angelo St, Seattle, WA 98108
- Conscious Eatery — 5620 6th Ave S Building T, Seattle, WA 98108
Frequently Asked Questions
What type of property is this?
Flex space - Two interconnected buildings converted from a historic bottling plant for flexible production, warehouse, office, retail, and event use.
Where is this flex space located?
The property is located at 1136 S Albro Pl Seattle, WA.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: Two interconnected buildings converted from a historic bottling plant; Flexible use space for production, warehouse, office, retail, and hospitality/event uses; Designed by architect Tom Kundig (Olson Kundig) and Charles Smith, reflecting an adaptive‑reuse industrial campus
