7266 8th S Ave Seattle, WA 98108-3403

Property Details for 7266 8th S Ave

Year built

1941

Construction

WOOD

Lot size

1.31 lot acres

Property size

12,000 SF

Zone code

IG1 U/85

Property type

Manufacturing properties

APN

213620-0210

APU

2136200210

Description

This exceptional investment opportunity presents a stabilized, single-tenant industrial flex property located at 7266 8th Ave S, Seattle, WA 98108, within the desirable Georgetown submarket. The property, built in 1941 and extensively renovated in 2010, boasts 33,365 square feet on a 1.31-acre lot. Currently 100% occupied by Markey Machinery under a 10-year lease commencing November 1, 2024, and expiring October 31, 2034, this asset offers significant long-term stability. The property features two loading docks, making it highly functional for industrial operations. With an asking price of $8,650,000 and a compelling 6.69% cap rate, this represents a strong return on investment. The property's location in the thriving Georgetown area provides excellent access to major transportation routes and a skilled workforce. This is a rare opportunity to acquire a high-performing, single-tenant industrial property with a substantial remaining lease term, offering both immediate income and long-term growth potential. The property's strong tenant and favorable lease terms make it an attractive investment for discerning buyers seeking a secure and profitable addition to their portfolio.