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29547370

241 S Lander St, Seattle, WA 98134

TN
WA 127468
Kidder Mathews Seattle
Listed by Kidder Mathews Seattle
$18,500,000
122 days on market
Updated 32 days ago
Opportunity zone

Seattle Pacific Business Park

Details
Property Type Industrial, Office (+1)
Sub Type Flex, Warehouse
Square Footage 83,346
Cap Rate 6.02%
NOI $1,114,426
Occupancy 100%
Price per SqFt $222
Acreage 2.370
Investment Type Owner/User
Occupancy Date 02/04/2026

Industrial | 6.02% CAP | 83,346 SqFt

Marketing description

The Seattle Pacific Business Park is located in the heart of Seattle’s thriving

SODO District. Sitting on a single 2.37 acre parcel, the park is currently fully

leased to a variety of Office, Retail and Storage tenants, providing an investor

immediate income and displaying the strong demand within the submarket.

Seattle’s SoDo district is a prime industrial and commercial hub with strong

market value driven by its strategic location. It sits adjacent to the Port of

Seattle, providing direct access to maritime shipping, and is just south of

Downtown Seattle, making it ideal for businesses requiring proximity to the

urban core. The district is bisected by Interstate 5, offering seamless freeway

connectivity, and is interlaced with major rail lines, ensuring efficient freight

movement. These transportation advantages port, highway, and rail make

SoDo highly desirable for logistics, warehousing, and industrial operations,

with property values reflecting its role as a critical gateway for regional and

international commerce.

Seattle Pacific Business Park offers a compelling investment opportunity,

distinguished by its unique combination of in-place income from short-term

leases and a substantial land footprint. This flexibility creates multiple pathways

for investors: developers can generate interim cash flow during entitlement and

planning phases, value-add investors can enhance returns by improving the

property and increasing rents, and Owner/Users have the option to fully occupy

the site by Q3 2026. With its strategic location and versatile positioning, this

property stands out as a rare chance to capitalize on both immediate income

and long-term growth potential.

Investment highlights

  • 83,346 SF Fully Occupied by a variety of

    Office, Retail and Storage tenants

  • 2.37 acre site ideally located in the heart of

    Seattle’s SODO District

  • Property offers an ideal combination of

    location, in-place cash flow, and long-term

    development upside

  • While fully occupied, short-term leases

    would allow an Owner-User to occupy the

    entire building within the first year

Listing Contacts

TN
WA 127468
Kidder Mathews Seattle
Listed by Kidder Mathews Seattle

Valuation Calculator

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,114,426.00
$92,868.83/mo

Valuation Metrics

0
DSCR
6.02%
Cap Rate
6.02%
ROI

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