7266 8th S Ave, Seattle, WA 98108-3403
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.
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Sentinel Maritime Safeguard & Inspection Marine Surveyor
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Markey Machine LLC Factory Industrial Manufacturer
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
IG1 U/85 · Seattle, WASeattle. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.