Industrial Warehouse with Bridge
8155 1st Avenue S Seattle, WA 98108
8155 1st Avenue S, Seattle, WA, 98108
$6,000,000
For Sale
$6,000,000
Industrial facility with grade-level doors, bridge cranes up to 10 tons, and an attached two-story office.
Property Size16,796 SF
Lot Size1.38 Acres
Price / SF$357.23
Days on Market51
Property Features for 8155 1st Avenue S
General Information
- Standard status
- Active
- Size
- 16,796 SF
- Lot size
- 1.38 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1951
Listing agency
KBC ADVISORS WA.
(206) 715-0757
Listed by
KEVIN SKILLESTAD
Source
Corcoran
Added: Jun 2 Updated: Jul 20 at 8:08PM Checked: Jul 21 at 5:29AM
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 KBC ADVISORS WA.
Investment Insights
Based on property information with market context.
This industrial property totals 16,796 SF with a 1,572 SF two-story office. The site spans 1.38 usable acres and features metal prefab steel construction, upgraded lighting, and 22' clear height. Site coverage (useable) is 27.91%, with three grade-level doors providing loading access.
Warehouse operations are supported by heavy power service, including 480 volt, 3-phase capacity. The facility is equipped with overhead bridge cranes, including two 5-ton bridges and one 10-ton bridge. Zoning is listed as MML U/85, and the property includes 27.91% useable site coverage.
Access is positioned for regional movement, with about 1 minute to SR-509. Additional drive times are listed as 10 minutes to the Port of Seattle and 10 minutes to SeaTac International Airport, with Boeing Field about 14 minutes and I-5 about 15 minutes away.
Warehouse operations are supported by heavy power service, including 480 volt, 3-phase capacity. The facility is equipped with overhead bridge cranes, including two 5-ton bridges and one 10-ton bridge. Zoning is listed as MML U/85, and the property includes 27.91% useable site coverage.
Access is positioned for regional movement, with about 1 minute to SR-509. Additional drive times are listed as 10 minutes to the Port of Seattle and 10 minutes to SeaTac International Airport, with Boeing Field about 14 minutes and I-5 about 15 minutes away.
Key Highlights
- 16,796 SF industrial facility with an attached 1,572 SF two‑story office
- 1.38 useable acres with 3 grade‑level doors and 22' clear height
- Bridge crane capacity includes two 5‑ton bridge cranes plus one 10‑ton bridge crane
Local Financial Insights For Warehouse
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 | $235.8k | $14.04 |
| − Vacancy | −$18.6k | −$1.11 |
| EGI | $217.2k | $12.93 |
| − OpEx | −$32.6k | −$1.94 |
| NOI | $184.6k | $10.99 |
16,796 SF · lease $14.04/SF/yr · vacancy 7.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.64M
$2.31M – $3.08M
NOI $184,608 @ 7.0% cap · market cap 3.08%
Second Best
Flex RnD
$2.53M
$2.21M – $2.95M
NOI $176,862 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$5.05M
$4.42M – $5.90M
NOI $353,719 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Standard Steel Fabricating ...
Factory
Similar For Sale Nearby
Similar Off Market Nearby
- Dabbawalla Bags — 309 S Cloverdale St, Seattle, WA 98108
- Joanies Catering — 900 sw holden st # b1, seattle, wa 98106
FAQs
What type of property is this?
Flex space - Industrial facility with grade-level doors, bridge cranes up to 10 tons, and an attached two-story office.
Where is this flex space located?
The property is located at 8155 1st Avenue S Seattle, WA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 16,796 SF industrial facility with an attached 1,572 SF two‑story office; 1.38 useable acres with 3 grade‑level doors and 22' clear height; Bridge crane capacity includes two 5‑ton bridge cranes plus one 10‑ton bridge crane
