Property profile

3601 Marginal Way Seattle, WA 98106

OFF-MARKET
Industrial properties
Property ID
US90-1512716
26,887 SF 0.41 ac lot Built 1969
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Property summary

AI-generated overview

This fully occupied, 26,887 square foot Class C industrial manufacturing building is located in Seattle's South submarket at 3601 W Marginal Way SW, King County, WA 98106. Built in 1969, this two-story building sits on a 0.41-acre lot (APN 766670-3920) and features a 20-foot ceiling height and one loading dock. The property benefits from excellent visibility on West Marginal Way SW, providing easy access to Highway 99 and Interstate 5, as well as proximity to the Port of Seattle and Seattle's central business district. Currently 100% leased, this property offers a strong investment opportunity within a thriving market. The building is zoned IG2 U/885. The Puget Sound region's diverse economy, including strong growth in technology, aerospace, and life sciences, contributes to high employment and robust space absorption. The property's location also benefits from the growth of the legal cannabis industry in Washington State. This presents a unique opportunity for investors seeking exposure to a dynamic and expanding sector within a prime Seattle location.

Property profile

Verified
Property type Industrial properties
Year built 1969
Total area 26,887 SF
Lot 0.41 ac (17,860 SF)
UPID US90-1512716

Cap rate & NOI

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

Location

3601 Marginal Way Seattle, WA 98106
Seattle metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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