Listing Agency: Colliers - Bellevue, Washington

Listed By: Talor Okada · License #WA

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 9:17AM

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Investment Insights

Based on property information with market context.

This Light Industrial property comprises five buildings totaling 125,282 square feet across 8.2 total acres. The site also includes approximately 70,000 square feet of paved yard area and additional storage units, providing a combination of enclosed industrial space and outdoor operating capacity. The property is fully leased except for three storage container units and two owner-occupied units.

Located at 4351/4440 Chennault Beach in Mukilteo, Washington, the asset is near Paine Field and offers access to Mukilteo Speedway, SR-526, Hwy-99, I-5, and I-405. The land is designated Light Industrial (LI), supporting the property’s established industrial configuration.

Key Highlights

• Five‑building industrial property totaling 125,282 square feet
• Approximately 70,000 square feet of additional paved yard area
• Situated on 8.2 total acres of Light Industrial (LI) land

Property Analytics

Current Use

Industrial properties

Suggested Use

Top Pick Law Firm Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Hotel & Motel Garden 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.

Location Intelligence

Trade Area within ½ mile

818

Businesses Nearby

Explore this area Business Placement

Demographics for 98275, WA

21,642

Population

8,492

Households

2.5

Avg Household Size

44

Median Age

55%

College-Educated

98%

High-School Grad

7.3 sq mi

ZIP Area

2,965

Density / Sq Mi

$122,612

Median Household Income

$69,619

Median Earnings

$2,127

Median Rent

$830,000

Median Home Value

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?

Industrial property - Light Industrial property includes paved yard area, storage units, and access to major regional routes.

Where is this industrial property located?

The property is located at 4351/4440 Chennault Beach Mukilteo, WA.

What are key features of this property?

This property features: Five‑building industrial property totaling 125,282 square feet; Approximately 70,000 square feet of additional paved yard area; Situated on 8.2 total acres of Light Industrial (LI) land