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    5950 Southcenter Blvd Seattle, WA 98188

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    For Sale
    $15,000,000

    Storage facility with strong occupancy history, professionally managed.

    Lot size:
    1.00 Acre

    Property Features for 5950 Southcenter Blvd

    General Information

    Lot size
    1.00 Acre

    Source: Azose Commercial Properties Agent Jay Azose

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Well-Located Storage Facility For Sale

    This storage facility is being offered for purchase for the first time directly from the developer/owner. The property has a history of strong occupancy, with current occupancy over 90%. The facility is professionally managed and is being offered at a 5.15% CAP rate. The property is located at 5950 Southcenter Blvd, Seattle, WA.
    Location Intelligence

    Current Use by Public Records

    Tukwila Self Storage Self-Storage Facility U-Haul Neighborhood Dealer Trailer Rental Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.2593386
    Latitude
    47.4641504

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    FAQs

    What type of property is this?
    Self storage facility - Storage facility with strong occupancy history, professionally managed.
    Where is this self storage facility located?
    The property is located at 5950 Southcenter Blvd Seattle, WA.
    What is the asking price?
    The asking price for this property is $15,000,000.
    What are key features of this property?
    This property features: - Extremely well-located storage facility.; - Storage facility.; - Strong history of occupancy (over 90% currently occupied).
    (206) 650-4100
    Request Owner's contact information
    5950 Southcenter Blvd Seattle, WA 98188
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    Seattle, WA 98188
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5950 Southcenter Blvd Seattle, WA 98188
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