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Divisible Warehouse Distribution Building
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21301 87th Ave SE, Woodinville, WA 98072

Complex includes a 55,572 sf warehouse/distribution building and a retail/office/flex building under construction.

Space Size55,572 SF
Days on Market3139

Property Features for 21301 87th Ave SE

General Information

Standard status Active
Size 55,572 SF
Property subtype INDUSTRIAL
Lease Type NNN

Spaces For Lease

at 21301 87th Ave SE Contact us

8724 Maltby Rd Building B $1.65 – $2.50/SF/Mo

Size
55,572 SF
Type
INDUSTRIAL
Lease Type
NNN
Availability
AVAILABLE
Sublease
No
Two building complex that began construction in March 2025. 55,572 sf warehouse/distribution...
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Listing Agency: Kidder Mathews
Listed By: Roger Thorn · License #18016
Source: Moodyscre
Added: Feb 8, 2018 Changed: Sep 4 Last Checked: Sep 12 at 8:45AM

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 Kidder Mathews

Investment Insights

Based on property information with market context.

A two-building industrial complex is currently under construction, with work beginning in March 2025. The project includes a 55,572 sf warehouse/distribution building and an 18,852 sf retail/office/flex building. Delivery is expected in Q1 of 2026.

Building B is described as easily divisible to approximately 25,000 sf, offering flexibility for tenants that need smaller footprints within the warehouse/distribution component.

Located at 21301 87th Ave SE in Woodinville, WA, the property is being built for lease and is scheduled to complete in Q1 of 2026.

Key Highlights

  • Two‑building industrial and retail/flex complex under construction
  • 55,572 SF warehouse/distribution building
  • 18,852 SF retail/office/flex building (Bldg B)

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Restaurant Hair Salon Nail Salon Storage Facility Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

206
Businesses Nearby
Balanced
Demand for This Use

Demographics for 98072, WA

24,939
Population
9,897
Households
2.5
Avg Household Size
41
Median Age
68%
College-Educated
98%
High-School Grad
18.0 sq mi
ZIP Area
1,386
Density / Sq Mi
$174,599
Median Household Income
$90,036
Median Earnings
$2,334
Median Rent
$1,067,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Complex includes a 55,572 sf warehouse/distribution building and a retail/office/flex building under construction.
Where is this flex space located?
The property is located at 21301 87th Ave SE Woodinville, WA.
What are key features of this property?
This property features: Two‑building industrial and retail/flex complex under construction; 55,572 SF warehouse/distribution building; 18,852 SF retail/office/flex building (Bldg B)
(425) 450-1120 Call to check price and availability
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