VECA Electric & Technologies
SINGLE-TENANT URBAN INFILL INDUSTRIAL CAMPUS W/ 5-YEAR LEASEBACK
Marketing description
Team Vara is pleased to present the exclusive opportunity to acquire the VECA Electric & Technologies Headquarters, a premier core-industrial asset in the high-demand Seattle market. This mission-critical facility totals 61,950 SF across two buildings and is anchored by a brand new absolute NNN lease with 3.5% annual rental increases, providing a robust hedge against inflation.
With over 80 years of operational history and nearly $600M in 2025 revenue, VECA is a top 25 privately held business in Washington. Beyond the elite tenant security, the asset offers exceptional long-term versatility; its original small-bay design and 20 grade-level doors ensure a seamless transition to high-paying incubator tenants should the building ever be vacated.
Investment highlights
- PASSIVE ABSOLUTE NNN LEASE
- ELITE CREDIT TENANT PERFORMANCE
- HIGH YIELD WITH ANNUAL INCREASES
- MISSION-CRITICAL HEADQUARTERS
- INHERENT LAYOUT VERSATILITY
- STRATEGIC URBAN INFILL LOCATION
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