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2800 S 192nd St
Seatac, WA 98188
Office Property For Sale


Investment Highlights
- Adjacent to Light Rail
- Covered Parking
Executive Summary
Newmark is pleased to present the opportunity to acquire a unique office property located at 2800 S 192nd Street in SeaTac, Washington (the “Property”). The
Property is ideally positioned for an owner-user seeking immediate or near-term occupancy while benefiting from in-place income that provides cash flow during a
transition period. This flexible ownership profile offers a compelling alternative to traditional owner-user or fully leased investments.
The Property features ample on-site parking, a highly desirable attribute in the SeaTac office market, and is strategically located just minutes from Seattle–Tacoma
International Airport. Its central location provides excellent regional access via I-5, SR-99, and SR-518, making it well suited for businesses with local, regional, or
national operations.
Situated in one of the Puget Sound region’s most dynamic employment hubs, the SeaTac submarket benefits from proximity to the airport, major corporate users,
and a diverse labor pool. The combination of functional office layout, strong parking ratio, and existing income stream creates a rare opportunity for an owner-user to
control occupancy costs while offsetting expenses through rental income.
This offering represents an attractive opportunity to acquire a highly flexible office asset in a supply-constrained submarket, providing both immediate income and
long-term control in a strategic SeaTac location.
Property is ideally positioned for an owner-user seeking immediate or near-term occupancy while benefiting from in-place income that provides cash flow during a
transition period. This flexible ownership profile offers a compelling alternative to traditional owner-user or fully leased investments.
The Property features ample on-site parking, a highly desirable attribute in the SeaTac office market, and is strategically located just minutes from Seattle–Tacoma
International Airport. Its central location provides excellent regional access via I-5, SR-99, and SR-518, making it well suited for businesses with local, regional, or
national operations.
Situated in one of the Puget Sound region’s most dynamic employment hubs, the SeaTac submarket benefits from proximity to the airport, major corporate users,
and a diverse labor pool. The combination of functional office layout, strong parking ratio, and existing income stream creates a rare opportunity for an owner-user to
control occupancy costs while offsetting expenses through rental income.
This offering represents an attractive opportunity to acquire a highly flexible office asset in a supply-constrained submarket, providing both immediate income and
long-term control in a strategic SeaTac location.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
25,422 SF
Building Class
B
Year Built
1991
NOI
$377,688
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,540 SF
Building FAR
0.60
Lot Size
0.98 AC
Zoning
CB-C, Seatac
Parking
120 Spaces (5.2 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 332304-9146 | Improvements Assessment | $2,128,900 |
| Land Assessment | $2,440,900 | Total Assessment | $4,569,800 |
Property Taxes
Parcel Number
332304-9146
Land Assessment
$2,440,900
Improvements Assessment
$2,128,900
Total Assessment
$4,569,800
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