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The Flow Control Building 18715 141st Ave NE 50,958 SF 100% Leased Industrial Building Woodinville, WA 98072 $15,100,000 ($296.32/SF) 6% Cap Rate
EXECUTIVE SUMMARY
Kidder Mathews is pleased to offer 18715 141st Ave NE, Woodinville, WA for sale. The property is located at the north end of the Eastside submarket, the tightest industrial market in Greater Seattle.
This 50,958 SF, institutionally owned warehouse asset offers a compelling combination of long-term stability, functional utility, and superior build quality. The facility is equipped with substantial power infrastructure and features best-in-class, Class-A office finishes, catering to sophisticated industrial and flex users. The property has maintained 100% occupancy for over two decades, underscoring consistent tenant demand and enduring market fundamentals. The Eastside submarket continues to experience meaningful industrial contraction due to encroaching higher and better uses, including multifamily, office redevelopment, and major infrastructure initiatives, such as light rail expansion in nearby Bellevue and Redmond. These dynamics have removed over 2 million square feet of industrial inventory in the past seven years, further solidifying the strategic positioning and scarcity value of the asset.
This 50,958 SF, institutionally owned warehouse asset offers a compelling combination of long-term stability, functional utility, and superior build quality. The facility is equipped with substantial power infrastructure and features best-in-class, Class-A office finishes, catering to sophisticated industrial and flex users. The property has maintained 100% occupancy for over two decades, underscoring consistent tenant demand and enduring market fundamentals. The Eastside submarket continues to experience meaningful industrial contraction due to encroaching higher and better uses, including multifamily, office redevelopment, and major infrastructure initiatives, such as light rail expansion in nearby Bellevue and Redmond. These dynamics have removed over 2 million square feet of industrial inventory in the past seven years, further solidifying the strategic positioning and scarcity value of the asset.
PROPERTY FACTS
| Price | $15,100,000 | Lot Size | 2.36 AC |
| Price Per SF | $296.32 | Rentable Building Area | 50,958 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6% | Year Built | 1990 |
| Property Type | Industrial | Clear Ceiling Height | 19’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 6 |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Zoning | I - Industrial | ||
| Price | $15,100,000 |
| Price Per SF | $296.32 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.36 AC |
| Rentable Building Area | 50,958 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Clear Ceiling Height | 19’ |
| No. Dock-High Doors/Loading | 6 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | I - Industrial |
AMENITIES
- Signage
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PROPERTY TAXES
| Parcel Number | 956075-0030 | Improvements Assessment | $9,556,200 |
| Land Assessment | $1,851,300 | Total Assessment | $11,407,500 |
PROPERTY TAXES
Parcel Number
956075-0030
Land Assessment
$1,851,300
Improvements Assessment
$9,556,200
Total Assessment
$11,407,500
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The Flow Control Building | 18715 141st Ave NE
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