Listing Agency: Seattle Show Phone

Listed By: Matt McGregor · License #79308 Show Phone

Source: Colliers

Added: Jul 24 Changed: Jul 26 Last Checked: Jul 31 at 2:52AM

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Investment Insights

Based on property information with market context.

Warehouse building offered for sale totaling 122,872 SF. The property is currently 87.77% leased.

Located at 3701 S Norfolk St, Seattle, WA 98118, the asset is positioned for tenants seeking warehouse space within a larger commercial real estate offering.

Key Highlights

• 122,872 SF warehouse building for sale
• Currently 87.77% leased occupancy

Property Analytics

Current Use

MacDonald-Miller Facility Solutions General Contractor

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Electrical Service Hair Salon

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

87.8%

Occupancy

Location Intelligence

Trade Area within ½ mile

217

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 98118, WA

47,504

Population

19,831

Households

2.4

Avg Household Size

38

Median Age

49%

College-Educated

90%

High-School Grad

6.2 sq mi

ZIP Area

7,662

Density / Sq Mi

$109,085

Median Household Income

$54,827

Median Earnings

$1,831

Median Rent

$746,400

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Warehouse - Warehouse building for sale offering 87.77% leased occupancy.

Where is this warehouse located?

The property is located at 3701 S Norfolk St Seattle, WA.

What are key features of this property?

This property features: 122,872 SF warehouse building for sale; Currently 87.77% leased occupancy