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Property profile & analytics
FOR LEASE
Distribution centers

2450 6Th Ave S Seattle, WA 98134

98,220 SF 2.07 ac lot Built 1951
Entity Owned 15-yr Hold ~ Est. High Equity
Property ID
US90-0605575
Property summary
AI-generated overview

This exceptional Seattle property, located at 2450 6th Ave S in the vibrant SODO submarket of King County, WA, offers a diverse range of office and industrial spaces for lease. The building encompasses a substantial 125,130 square feet, catering to businesses seeking flexible and adaptable work environments. The property's classification includes Creative Office, Flex, and Warehouse space, making it suitable for a variety of uses. Tenancy is multiple, providing opportunities for businesses of different sizes to coexist. The building is conveniently situated just one block from the SODO light rail station, offering excellent public transportation access. For those who prefer driving, the location provides easy access to major freeways, including I-5, Hwy 99, and I-90. Free street parking is available directly in front of the building, adding to its convenience. While the building does not feature elevators, the layout is designed for efficient workflow. Note that the Net, Net, Net (NNN) lease charges include utilities and janitorial services for office spaces, provided three times per week. This comprehensive offering makes 2450 6th Ave S an attractive option for businesses seeking a well-located and functional space in Seattle's dynamic SODO district. The zip code is 98134.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1951
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 98,220 SF
Lot 2.07 ac (89,990 SF)
Zoning code II U/160
APN 766620-3530
UPID US90-0605575
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tai Foong USA, Inc. Take-out & Catering Fish Market
  • Sanwa Trading Co Ltd Logistics Company
  • First Security Bank Credit Union
  • Dyco Wood Inc Big Box & Wholesale Store Building Supply
  • Hammer & Hand Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$16.61M
Comparable Approach Comparable
by Request
Blend (final) Blend
$14.78M
Owner & transaction history
Industrial Properties INC · 15 yrs held
Industrial Properties INC
since 2010
3 recorded transactions
2010
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
II U/160 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Municipal Code
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