Kent Wa Industrial Sale

The busy Kent Industrial area draws National investors as Strategic Investment LLC, a Denver-based investment management company, acquires the one-story industrial building at 19437 66th Ave. S in Kent, WA from Top Worth LLC for $3.05 million, or about $67 per square foot. The warehouse building was delivered in 1981 in the Kent Valley N Industrial submarket of Seattle. It totals just over 45,000 square feet and was 50% leased at the time of sale, according to CoStar research.  Current market rates for industrial leases range from .35 to .42 for shell space and attached office is offered from .50 to .75 with average NNN’s between .14 to .17.   

Leave a Reply

Your email address will not be published. Required fields are marked *