316 Ellingson Rd Auburn, WA 98001-0006
- Manufacturing properties
- 56,430 SF
- 5.90 lot acres
Current Use by Public Records
- Spinfinity, Inc. / Machining Manufacturer
- Accu Duct Manufacturing Inc / Manufacturer / Hvac Contractor
Property Details for 316 Ellingson Rd
- Year built
- 1982
- Construction
- STEEL FRAME
- Lot size
- 5.90 lot acres
- Property size
- 56,430 SF
- Zone code
- M-1
- Property type
- Manufacturing properties
- APN
- 362104-9004
- APU
- 3621049004
Description
This exceptional industrial property, located at 316 Ellingson Rd, Algona, WA 98001, presents a significant investment opportunity. The 63,118 square foot building sits on a 6.53-acre lot and is zoned M1 (Light Industrial), offering versatility for various uses. Built in 1982, the structure boasts a clear height ranging from 19 to 23 feet, providing ample vertical space for storage or manufacturing. The property includes 5,040 square feet of office space and a 5,248 square foot mezzanine, enhancing functionality. Loading is facilitated by 13 grade-level doors. The building features a robust power supply of 2,000 amps and a sprinkler system for enhanced safety. The site is fully fenced and secured, offering peace of mind. The low site coverage ratio maximizes potential for future expansion or outdoor operations. Available for sale at $15,250,000, this property offers a compelling combination of size, location, and features, making it ideal for owner-users seeking a substantial industrial space. The property is available for occupancy May 1, 2024. The sale is a Net, Net, Net (NNN) lease type with single tenancy. The price per square foot is $241.61.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $10,790,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $9,715,000
- 6.5%
- $9,180,000
- 7%
- $9,855,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $10,145,000
- Geo Method
- $9,735,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $11,580,000
- Retail
- $8,805,000
- Mixed-Use
- $9,305,000
- Hospitality
- $10,130,000
- Educational
- $10,580,000
- Residential Income
- $11,330,000
- Energy
- $10,610,000
- Income-Based Land
- $11,415,000
- Food Service
- $11,190,000
Location Insight
- Map
- Local Demand
- City
- Auburn
- County
- King
- State
- Washington
- Longitude
- -122.244
- Latitude
- 47.2696
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
