Single-Tenant Industrial
EquipmentShare Seattle
13535 68th Ave S, Seattle, WA 98178
Listing Price: $7,307,692
Investment Overview
Marcus & Millichap is pleased to announce the opportunity to acquire a high performing industrial outdoor storage and equipment rental yard (the “Property” or “Asset”) located in Seattle, Washington that is leased to EquipmentShare (“Tenant”). EquipmentShare is a nationwide construction solutions provider dedicated to solving industry pain points through smart jobsite technology and equipment rental, retail, and service centers.
An extremely infill located just four miles from the I-5 and I-405 interchange, this site benefits from a high barrier of entry and lack of developable land. In addition to the logistical advantages of the site given its premier location, it is proximity to many of the employment drives of the area including Seattle-Tacoma International airport, King County International Airport, Harbor Island, and one of the Seattle MSA’s largest industrial corridors between I-5 and Hwy 167.
The Asset is subject to a long term lease with +/- 10.75 years remaining on an absolute triple net structure with 10% increases every five (5) years over the firm term, and two (2) 5-year extension options. This offering provides investors with the opportunity to receive long-term assured cash flow with a credit-worthy Tenant who is fastest-growing equipment rental company in the United States.
EquipmentShare Seattle
Investment Highlights
- EquipmentShare is a proven operator with scale. Currently, the business operates 165 locations in the US, employs 4,100+ people and services thousands of annual customers.
- Absolute NNN lease with zero landlord responsibilities making this an ideal investment for out-of-area investors.
- Strong rent escalations throughout the leases term providing investors a hedge against inflation.
Listing Price: $7,307,692
Investment Highlights
- EquipmentShare is a proven operator with scale. Currently, the business operates 165 locations in the US, employs 4,100+ people and services thousands of annual customers.
- Absolute NNN lease with zero landlord responsibilities making this an ideal investment for out-of-area investors.
- Strong rent escalations throughout the leases term providing investors a hedge against inflation.
Investment Overview
Marcus & Millichap is pleased to announce the opportunity to acquire a high performing industrial outdoor storage and equipment rental yard (the “Property” or “Asset”) located in Seattle, Washington that is leased to EquipmentShare (“Tenant”). EquipmentShare is a nationwide construction solutions provider dedicated to solving industry pain points through smart jobsite technology and equipment rental, retail, and service centers. An extremely infill located just four miles from the I-5 and I-405 interchange, this site benefits from a high barrier of entry and lack of developable land. In addition to the logistical advantages of the site given its premier location, it is proximity to many of the employment drives of the area including Seattle-Tacoma International airport, King County International Airport, Harbor Island, and one of the Seattle MSA’s largest industrial corridors between I-5 and Hwy 167. The Asset is subject to a long term lease with +/- 10.75 years remaining on an absolute triple net structure with 10% increases every five (5) years over the firm term, and two (2) 5-year extension options. This offering provides investors with the opportunity to receive long-term assured cash flow with a credit-worthy Tenant who is fastest-growing equipment rental company in the United States.
