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2454 Occidental S Ave Seattle, WA 98134-1439

OFF-MARKET Industrial properties Google Maps
20,312 SF 2.9 ac lot Built 1988
Entity Owned 5-yr Hold ~ Est. High Equity
Estimated value
No estimation on file for this property yet.
Property ID US90-0834800

Property summary

AI-generated overview

This exceptional Seattle industrial/office property, known as Occidental Business Park, offers a diverse range of spaces ideal for various business needs. Located at 2454 Occidental Ave S, in the South Seattle submarket of Puget Sound, this King County property boasts a total of 51,664 square feet across three single-story buildings. Currently, 20,400 square feet of space is available, divisible into smaller units ranging from 2,123 to 20,400 square feet. The property features a Class B designation, built in 1988, and sits on 2.9 acres of land (APN: 766620-6136). Zoned IG1 U85, it's suitable for executive office, flex, manufacturing, warehouse, distribution, and traditional office uses. The high ceilings (14 feet) and ample electrical power (over 1,600 amps) provide significant flexibility. The property benefits from a high car parking ratio, a fenced and secured building and parking area, and the potential for outdoor yard/parking area creation. Landlord is open to flexible building modifications and interior reconfiguration to meet tenant requirements. The asking rent is $12.00 per square foot per year, plus NNN charges. This prime South Seattle location offers easy access to major transportation routes.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 20,312 SF
Lot 2.9 ac (126,380 SF)
Zoning code IG1 U/85
APN 766620-6136
UPID US90-0834800

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency
  • Freight Service Logistics Company
  • Engineering Consultant
  • Corporate Office
  • Engineering Consultant

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2021
Last sale
$16.5M
4 recorded transactions
2021
$16.5M
2014
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

IG1 U/85 · Seattle, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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