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.