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Interbay Retail Center | Seattle, WA 4 Properties Offered at $55,000,000 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
- Four-parcel configuration with future parcelization optionality
- 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
Interbay Retail Center is a ±100,000 SF institutional-quality retail center located in Seattle's highly desirable Interbay submarket. Constructed between 2016 and 2019, the property is 100% leased to a diversified roster of nationally recognized retailers and service providers including HomeGoods, Michaels, Total Wine, Bright Horizons, and ZoomCare. The offering provides investors with durable in-place cash flow, modern construction, and an irreplaceable urban infill location less than five miles from Downtown Seattle.
Property Facts
| Price | $55,000,000 | Number of Properties | 4 |
| Price / SF | $555.69 / SF | Individually For Sale | 0 |
| Cap Rate | 6.09% | Total Building Size | 98,976 SF |
| Sale Type | Investment | Total Land Area | 5.84 AC |
| Status | Active |
| Price | $55,000,000 |
| Price / SF | $555.69 / SF |
| Cap Rate | 6.09% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 98,976 SF |
| Total Land Area | 5.84 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1570 W Armory Way, Seattle, WA 98119 | Office | 23,707 SF | 2019 | - |
|
Total Wine and More
1550 W Armory Way, Seattle, WA 98119 |
Retail | 25,763 SF | 2016 | - |
|
HomeGoods
1642 W Armory Way, Seattle, WA 98119 |
Retail | 24,846 SF | 2019 | - |
|
Michael's
1700 W Armory Way, Seattle, WA 98119 |
Retail | 24,660 SF | 2018 | - |
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