Stabilized Kent Valley warehouse in the Northwest's tightest market
8201 South 212th Street · Kent · King County, WA 98032
Asking price
$34,600,000
Building
192,000 sqft
Lot
11.5 ac
Cap rate
5.4%
The pitch
Section 01 / 03Investment highlights
- 32' clear, 30 docks, 130' truck courts
- Two-tenant credit roster, WALT 5.8 yrs
- Seismic-retrofitted to current code
- SR-167 and SeaTac within 10 minutes
Executive summary
A 192,000 SF rear-load distribution building in the heart of the Kent Valley, leased to two credit tenants. Sub-2% vacancy in the submarket and direct access to SR-167 make this a core hold with durable rent growth.
The asset
Section 02 / 03Pricing & Size
- Building Size
- 192,000 sqft
- Cap Rate
- 5.4 %
- Net Operating Income
- 1,868,400 $/yr
- Building Class
- Class A
Building
- Construction Type
- Tilt-up Concrete
- Condition
- Excellent
- Stories
- 1
- Parking Spaces
- 160
Utilities
- Fiber Internet
- Yes
- Water
- Municipal
- Sewer
- Municipal
Power
- Power Phase
- Three-phase
- Service Amperage
- 2,500 A
- Voltage
- 277/480V
Industrial Features
- Clear Height
- 32 ft
- Dock Doors
- 30
- Drive-in Doors
- 2
- Sprinkler System
- ESFR
- Rail Access
- No
Location & Zoning
- Zoning
- I-2
- FEMA Flood Zone
- X
- Opportunity Zone
- No
Location & area
Section 03 / 03Location
47.40120, -122.25880Area & market data
Third-party sourcesNeighborhood Demographics
- Median Household Income
- $105,391
- Median Age
- 36 yrs
- Population
- 737,015 people
- Households
- 349,810
Location Context
Walk Score
74 / 100
Transit Score
60 / 100
Risk Assessment
- Seismic Zone
- 3
- Seismic Risk Category
- High
- Peak Ground Acceleration
- 0.46 g
- Seismic Design Category
- D
Market Context
- Median Sale Price (5mi)
- $7,500,000
- Median Lease Rate (5mi)
- 38 $/sqft/yr