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Land & Investment 2 Properties in Shoreline, WA
INVESTMENT HIGHLIGHTS
- Large, flat rectangular parcel that is highly sought after by high density multifamily developers and investors.
- Close to efficient public transportation, Shoreline schools and parks.
- Link Light Rail connections at 145th and 185th scheduled to be completed in 2024.
- Potential in place income to offset carrying costs during entitlement process.
- Established neighborhood area (vs. Hwy 99 high density corridor).
EXECUTIVE SUMMARY
The Andover Company is pleased to offer the Sale of the Black Brandt Property (Shoreline Redevelopment Site), located at 16325 5th Ave NE, Shoreline, WA. The property sits on 2.59 Acres (112,791 SF) and consists of one free standing concrete block (CMU) building totaling approximately 24,020 square feet that is currently being used as a service industrial facility and is leased to King County until June 30th, 2027. The site is fenced and paved, except for a portion on the southwest side of the building. King County uses the majority of the site for bus and other public transportation vehicle parking. Located at 165th and 5th NE, the Black Brandt Property is less than 1 mile north of the new Link Light Rail Park and Ride at 145th Street & Interstate 5. A bus stop (#347) is located adjacent to the site and is less than a 5 minute ride away from both bus and future Link connections. By car, this mass transit depot is approximately 2 minutes away. There are also designated bike lanes both north and south along 5th Avenue NE. There is ingress/egress on both 5th Avenue NE and 165th.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Sale Condition | Redevelopment Project | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 24,020 SF |
| Status | Active | Total Land Area | 5.19 AC |
| Number of Properties | 2 |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 24,020 SF |
| Total Land Area | 5.19 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
SGA-Shoreline
16325 5th Ave NE, Shoreline, WA 98155 |
Land | 2.60 AC | - | - |
| 16325 5th Ave NE, Shoreline, WA 98155 | Retail | 24,020 SF | 1955 | - |
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