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Net Lease

SSP America Building/8-Year NNN/Cold-Storage

9844 40th Ave S, Seattle, WA 98118

Listing Price: $7,950,000

Cap Rate
4.75%
Lot Size
0.66 acres
Year Built
1978
Rentable SF
20,263

Investment Overview

The 20,263 SF building is located just off I-5, providing
excellent access to the King County International Airport, SeaTac Airport, and Port of Seattle.
This cold-service storage facility is equipped with multiple cooler units, a freezer unit, ample
power supply, and a floor drainage system. This robust industrial submarket in Puget Sound
has maintained a vacancy rate lower than the average, at 1.2%, which has contributed to
rising rental rates.

The single-tenant building is currently occupied by SSP America, a subsidiary of the
interntionally recognized SSP Group. The lease has 8 years remaining with 3% annually rental
increases. This triple-net lease offers owners the opportunity to receive passive and reliable
returns on their investment. There is significant long-term upside as the rent is currently 30%
below market.

Investment Highlights

  • LONG-TERM LEASE
  • PASSIVE LEASE STRUCTURE
  • FUTURE RENTAL UPSIDE
  • STRONG CORPORATE CENTER
  • SIGNIFICANT TENANT IMPROVEMENTS
  • RECENT CAPITAL EXPENDITURES

Exclusively Listed By

Financing By

Net Lease

SSP America Building/8-Year NNN/Cold-Storage

Listing Price: $7,950,000

Cap Rate
4.75%
Lot Size
0.66 acres
Year Built
1978
Rentable SF
20,263

Investment Highlights

  • LONG-TERM LEASE
  • PASSIVE LEASE STRUCTURE
  • FUTURE RENTAL UPSIDE
  • STRONG CORPORATE CENTER
  • SIGNIFICANT TENANT IMPROVEMENTS
  • RECENT CAPITAL EXPENDITURES

Investment Overview

The 20,263 SF building is located just off I-5, providing excellent access to the King County International Airport, SeaTac Airport, and Port of Seattle. This cold-service storage facility is equipped with multiple cooler units, a freezer unit, ample power supply, and a floor drainage system. This robust industrial submarket in Puget Sound has maintained a vacancy rate lower than the average, at 1.2%, which has contributed to rising rental rates. The single-tenant building is currently occupied by SSP America, a subsidiary of the interntionally recognized SSP Group. The lease has 8 years remaining with 3% annually rental increases. This triple-net lease offers owners the opportunity to receive passive and reliable returns on their investment. There is significant long-term upside as the rent is currently 30% below market.

Exclusively Listed By

Financing By

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