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Renovated Industrial Building Portfolio
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2421 W Commodore Way, Seattle, WA 98199

Three updated industrial buildings support a multi-tenant occupancy profile near central Seattle.

Property Size213,066 SF
Days on Market143

Property Features for 2421 W Commodore Way

General Information

Standard status Active
Size 213,066 SF
Class Class A
Property subtype Industrial

Building Details

Buildings 3
Tenancy Multi
Listing Agency: CBRE - Glendale
Listed By: Barbara Perrier · License #CA 00969169
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 31 at 2:17AM

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 CBRE - Glendale

Investment Insights

Based on property information with market context.

The property comprises three recently renovated industrial buildings totaling 213,066 SF at 2421 W Commodore Way in Seattle. Building 1 is fully leased to three tenants and carries 10.7 years of WALT. Building 2 includes 20,165 SF occupied by WorldPac, Inc., with a lease guarantee from Advance Stores Company.

King County Wastewater occupies 68,972 SF across the offering, including part of Building 2 and all of Building 3. The agency is identified with an S&P AA+ rating in the property information. The site is less than 3 miles from the West Point Water Treatment Plant and approximately 5 miles from Downtown Seattle.

Across the three buildings, the occupancy profile includes five tenants. The offering may be acquired as a combined portfolio, while Building 1 and Buildings 2 and 3 are also available in separate groupings.

Key Highlights

  • Three recently renovated industrial buildings totaling 213,066 SF
  • King County Wastewater occupies 68,972 SF across Buildings 2 and 3
  • Building 1 is 100% leased to three tenants with 10.7 years of WALT

Property Analytics

Current Use

Nwi Corporate Office

Suggested Use

Top Pick Auto Parts Store HVAC Service Grocery & Convenience Store Garden Center Dental Office (Bike/Boat/Book/etc) Store

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,395
Businesses Nearby

Demographics for 98199, WA

22,549
Population
10,737
Households
2.1
Avg Household Size
39
Median Age
77%
College-Educated
99%
High-School Grad
4.2 sq mi
ZIP Area
5,369
Density / Sq Mi
$176,729
Median Household Income
$99,361
Median Earnings
$2,461
Median Rent
$1,160,000
Median Home Value

Market

Vacancy Rate% for Industrial in Seattle, WA

3.6% 2019
5.2% 2020
4.3% 2021
2.9% 2022
5.3% 2023
7.4% 2024
9.2% 2025
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Frequently Asked Questions

What type of property is this?
Industrial property - Three updated industrial buildings support a multi-tenant occupancy profile near central Seattle.
Where is this industrial property located?
The property is located at 2421 W Commodore Way Seattle, WA.
What are key features of this property?
This property features: Three recently renovated industrial buildings totaling 213,066 SF; King County Wastewater occupies 68,972 SF across Buildings 2 and 3; Building 1 is 100% leased to three tenants with 10.7 years of WALT
(213) 613-3033 Call to check price and availability
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