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    Temperature Controlled Facility For Sale

    720 34th St Renton, WA 98057

    Claim this Listing
    For Sale
    $10,300,000

    29,628 SF temperature controlled facility with showroom potential.

    Type:Commercial
    Property size:
    29,628 SF
    Price / SF:
    $347/SF
    Added:
    May 12, 2026
    Days on Market:
    62
    Last Refresh:
    Jul 3 at 6:00 am

    Property Features for 720 34th St

    General Information

    Standard status
    Active
    Size
    29,628 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2005

    Listing office NAI PUGET SOUND PROPERTIES

    Listing date May 12, 2026

    Source Corcoran

    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 NAI PUGET SOUND PROPERTIES

    Investment Insights

    Based on property information with market context.

    This 29,628 square foot stand-alone building includes 4,893 square feet of office space, with 2,446 square feet located on a mezzanine level. The facility is temperature controlled and has an estimated buildout cost of $1,500,000. It features five dock-high doors and one grade-level door; four additional dock-high doors can be added using existing knock-out panels. The building offers a 24-foot clear height and is situated in a high-image business park. The property has retail showroom potential. It is available with 150 days notice.

    Key Highlights

    • Temperature controlled facility
    • 29,628 SF with a well‑appointed 4,893 SF office space
    • Benefit from a generous 24' clear height

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $977.7k $33.00
    − Vacancy −$278.7k −$9.41
    EGI $699.1k $23.60
    − OpEx −$174.8k −$5.90
    NOI $524.3k $17.70
    29,628 SF · lease $33.00/SF/yr · vacancy 28.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $7.49M
    $6.55M – $8.74M (±1% cap)
    NOI $524,304 @ 7.0% cap · market cap 5.09%
    Second Best
    Retail
    $7.06M
    $6.17M – $8.23M (±1% cap)
    NOI $493,893 @ 7.0% cap · market cap 4.80%
    Theoretical Best
    Office A
    $9.65M
    $8.45M – $11.26M (±1% cap)
    NOI $675,732 @ 7.0% cap · market cap 6.56%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    (Bike/Boat/Book/etc) Store Butcher Daycare Center (Bike/Boat/Book/etc) Store Tanning Salon Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Restaurant Veterinary Clinic

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

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    FAQs

    What type of property is this?
    Warehouse - 29,628 SF temperature controlled facility with showroom potential.
    Where is this warehouse located?
    The property is located at 720 34th St Renton, WA.
    What is the asking price?
    The asking price for this property is $10,300,000.
    What are key features of this property?
    This property features: Temperature controlled facility; 29,628 SF with a well‑appointed 4,893 SF office space; Benefit from a generous 24' clear height
    Contact an agent
    (425) 246-9280
    We can help!
    Contact an agent
    ARIE SALOMON, SIOR, CCIM
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