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28779290
28779289

18727 E Valley Hwy, Kent, WA 98032

PK
WA 25030374
SB
WA 17803
CBRE - Seattle
Listed by CBRE - Seattle
$3,100,000
183 days on market
Updated 86 days ago

East Valley Automotive Center

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 18,600
Net Rentable (SqFt) 18,600
Price per SqFt $167
Year Built 1963
Zoning M2

Multi Tenant Industrial Flex | 30,000 SF

Marketing description

CBRE, Inc., as exclusive advisor to the Seller, is pleased to be bringing to market the rare opportunity to acquire the East Valley Automotive Center, a multi-tenant industrial-flex investment ideally located in north Kent. The Property offers a highly-functional and well-located industrial building with good visibility and access. Located just off East Valley Highway, the site is positioned with convenient access to Highway 167, which directly connects Kent to the I-5 and I-405 interchange. Investors benefit from the proximity to Bellevue and Seattle, as well as the numerous surrounding amenities and Kent’s burgeoning growth. At 100% occupied, the Property provides investors with attractive, in-place cash flow and an ideal 1031 opportunity.

The Owner is offering the Property to qualified potential purchasers on a fee-simple basis and will consider a variety of offers and approaches in the disposition of this site. Investors interested in the site are encouraged to discuss and pursue concepts that best fit their criteria. While it is anticipated that a call for offers date will be established, the Owner reserves the right to review and consider individual offers on the Property as received.

Investment highlights

  • Highly functional and well-located industrial flex building with numerous surrounding amenities

  • Coveted, stabilized investment opportunity with upside potential

  • Good visibility and access with potential for growth in close proximity

  • Close to I-5 and I-405, interstates directly accessing Seattle and Bellevue, respectively

  • Long term tenants comprise +/- 70% of net rentable area, annual CPI increases

Listing Contacts

PK
WA 25030374
SB
WA 17803
CBRE - Seattle
Listed by CBRE - Seattle

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Additional Information

Name
Patrick Kane
License
25030374
Brokerage
CBRE
Brokerage Phone
(206) 292-1600
Title
Real Estate Broker
Brokerage Address
1420 5th Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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