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Interbay Retail Center | Seattle, WA 4 Properties in Seattle, WA
INVESTMENT HIGHLIGHTS
- 100% leased to national credit tenants including Michaels, HomeGoods, Total Wine, Bright Horizons, and ZoomCare, providing durable, diversified income
- Long-term lease visibility with ~15 years of renewal options across Michaels, HomeGoods, and Total Wine, plus ~8 years remaining on Bright Horizons
- Excess land and site control via a six-parcel configuration, including two vacant parcels totaling ~1.81 acres for future development or monetization
- 4.2-year weighted average lease term (WALT) with significant embedded renewal optionality across major anchors
- Recent tenant commitment and stability highlighted by ZoomCare’s exercised 5-year renewal option in 2025
- Core Seattle infill location less than 5 miles from Downtown with immediate SR-99 and I-5 access, 2016–2019 construction, and limited near-term CapEX
EXECUTIVE SUMMARY
Introducing a prime investment opportunity at 1600 W Armory Way, a ±100,000 SF large-format retail center located in Seattle’s highly desirable Interbay submarket. Constructed between 2016 and 2019, the property is 100% leased to nationally recognized retail and service tenants and offers investors durable in-place cash flow complemented by long-term flexibility through excess land and a multi-parcel configuration. Positioned within a supply-constrained urban infill location less than five miles from Downtown Seattle, the asset benefits from strong access, high-income demographics, and embedded optionality for future strategic value creation.
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 74,845 SF |
| Number of Properties | 6 | Total Land Area | 5.07 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 74,845 SF |
| Total Land Area | 5.07 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Parcel I
1600 W Armory Way, Seattle, WA 98119 |
Land | 0.64 AC | - | - |
|
Total Wine and More
1550 W Armory Way, Seattle, WA 98119 |
Retail | 25,000 SF | 2016 | - |
|
Michael's
1700 W Armory Way, Seattle, WA 98119 |
Retail | 25,000 SF | 2018 | - |
|
HomeGoods
1500 W Armory Way, Seattle, WA 98119 |
Retail | 24,845 SF | 2019 | - |
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