3628 E Marginal Way S
Seattle, WA 98134
Industrial Property For Sale

Located in the heart of Seattle's Industrial District, this 18,715 sf industrial building offers a rare opportunity for any investor or owner-user to purchase a quality construction mix of warehouse and office space in one of the fastest growing real estate markets in the country with over a 6% cap rate. 3628 E Marginal Way S is conveniently located at the intersection of some of the most heavily trafficked industrial thoroughfares in the SODO (South of Downtown) area including Highway 99, the West Seattle Bridge, South Spokane St and E Marginal Way South. Maximize exposure of your business with a traffic count of over 120,000 cars and trucks per day. Commercial shipping from the nearby Port of Seattle puts you right in the action of one of the main transportation and distribution areas for the Puget Sound. Originally built in 1924 with numerous updates and modernized retrofitting including a brand new roof in 2007, all new LED interior and exterior lighting, double paned windows and 12 security cameras covering the entire property. Quality construction with concrete walls and reinforced support beams in the basement allow for forklifts to transport heavy loads in excess of 10,000 lbs. The 5,000 sf basement can be used for additional storage with an overhead crane to safely lower equipment and supplies while naturally maintaining a year-round temperature of around 47 degrees Fahrenheit. The current owner has renovated the interior with beautiful hardwood floors to create an elegant waiting room and office space. A large kitchen area has been installed using high end finishes and appliances along with two upgraded bathrooms. An additional office space is located in the mezzanine overlooking the warehouse space and provide auxiliary storage. Market blended rate is about .95c/sf with the current rate at .80c/sf with owner user.