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Office Warehouse

All Freight Building

6051 S 194th St, Kent, WA 98032

Listing Price: $6,450,000

Gross SF
25,289
Price/Gross SF
$255.05
Lot Size
1.43 acres
Year Built
1984
Rentable SF
25,289

Investment Overview

We are proud to present the sale offering for the All-Freight Building, which is an extremely well-located urban infill industrial asset. The core warehouse asset is located in the heart of the highly desirable Kent Valley industrial corridor with immediate access to I-5 and I-405 in close proximity to the ports of Seattle, Tacoma, and Sea-Tac International airport. The building is currently demised into two suites with multiple loading docks servicing both suites that feature 24-foot clear heights. The building is situated on a 1.43 acre site that provides for ample parking and maneuvering of full sized commercial freight. The last in-place lease is due to expire within 6 months and provides for a great opportunity for either an Owner/Occupant or a savvy investor looking to capitalize on a fundamentally extraordinary industrial market. The market as a whole is poised to continue enjoying exponential rent growth due to the lack of ongoing developments for similar product and the extremely low submarket vacancy rates.

Investment Highlights

  • Urban Infill Industrial: The property is extremely well located in the heart of Kent with convenient access to I-5, I-405, and the Seattle CBD.
  • Close Proximity to Multiple Ports: The location benefits heavily from its immediate proximity to the Seattle Tacoma International Airport, and the ports of Seattle and Tacoma.
  • High Loading Capacity: The building and lot configuration allows for ample parking and loading via 5 dock high and one grade level loading dock.
  • Investment or Owner/Occupant: The last in-place lease expires within the next 6 months, which creates an opportunity for either an Owner/Occupant or a savvy investor looking to capitalize on a fundamentally extraordinary industrial market.
  • Rapid Rent Growth: Average annual rental growth over the past 10 years has average nearly 6.5%. Including rental growth of 11% in 2022 alone.
  • Major Nearby Developments: There are a plethora of ongoing industrial and office projects nearby totaling over 11 million square feet that are catered towards Class A Logistics tenants. The lack of similar class B developments will continue to drive rental growth for this asset.
  • Extremely Low Vacancy: The submarket vacancy rate of 4.1% is indicative of how tight the Kent Industrial submarket will continue to be for Class B industrial projects.
  • Key Distributor & Aerospace Hub: The Kent Industrial Corridor and Greater Seattle Area serves as the hub for many of the worlds largest Distributor and aerospace companies such as; Amazon, Costco, Target, Home Depot, Boeing, Blue Origin, and SpaceX.

Exclusively Listed By

Financing By

Office Warehouse

All Freight Building

Listing Price: $6,450,000

Gross SF
25,289
Price/Gross SF
$255.05
Lot Size
1.43 acres
Year Built
1984
Rentable SF
25,289

Investment Highlights

  • Urban Infill Industrial: The property is extremely well located in the heart of Kent with convenient access to I-5, I-405, and the Seattle CBD.
  • Close Proximity to Multiple Ports: The location benefits heavily from its immediate proximity to the Seattle Tacoma International Airport, and the ports of Seattle and Tacoma.
  • High Loading Capacity: The building and lot configuration allows for ample parking and loading via 5 dock high and one grade level loading dock.
  • Investment or Owner/Occupant: The last in-place lease expires within the next 6 months, which creates an opportunity for either an Owner/Occupant or a savvy investor looking to capitalize on a fundamentally extraordinary industrial market.
  • Rapid Rent Growth: Average annual rental growth over the past 10 years has average nearly 6.5%. Including rental growth of 11% in 2022 alone.
  • Major Nearby Developments: There are a plethora of ongoing industrial and office projects nearby totaling over 11 million square feet that are catered towards Class A Logistics tenants. The lack of similar class B developments will continue to drive rental growth for this asset.
  • Extremely Low Vacancy: The submarket vacancy rate of 4.1% is indicative of how tight the Kent Industrial submarket will continue to be for Class B industrial projects.
  • Key Distributor & Aerospace Hub: The Kent Industrial Corridor and Greater Seattle Area serves as the hub for many of the worlds largest Distributor and aerospace companies such as; Amazon, Costco, Target, Home Depot, Boeing, Blue Origin, and SpaceX.

Investment Overview

We are proud to present the sale offering for the All-Freight Building, which is an extremely well-located urban infill industrial asset. The core warehouse asset is located in the heart of the highly desirable Kent Valley industrial corridor with immediate access to I-5 and I-405 in close proximity to the ports of Seattle, Tacoma, and Sea-Tac International airport. The building is currently demised into two suites with multiple loading docks servicing both suites that feature 24-foot clear heights. The building is situated on a 1.43 acre site that provides for ample parking and maneuvering of full sized commercial freight. The last in-place lease is due to expire within 6 months and provides for a great opportunity for either an Owner/Occupant or a savvy investor looking to capitalize on a fundamentally extraordinary industrial market. The market as a whole is poised to continue enjoying exponential rent growth due to the lack of ongoing developments for similar product and the extremely low submarket vacancy rates.

Exclusively Listed By

Financing By

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