SMARTCAP purchased the Dakota Building in Seattle, WA, in the SODO industrial submarket. The building was purchased vacant. Once leased and stabilized, SMARTCAP will hold the building for 2-3 additional years.
- Given the desirable location only a few turns off of Interstate 5, the building is projected to lease quickly. Industrial space in SODO is in high demand (vacancy rates sub 5%) and the property is already generating significant leasing interest.
- The building has 6 loading doors (4 dock high, 2 grade level), substantial power levels, and 16’ clear ceiling height, making it highly desirable for many types of uses (last mile distribution, manufacturing, services. etc.)
Total Square Footage
24,500 sq. ft.