$18M Equity Opportunity in Arlington’s PREMIER Industrial Park

First build in AAN Park. Flexible leasing. Strong demand.

SMARTCAP Group is pleased to present the opportunity to provide approximately $18 million in equity for the development of Building 3 in the Arlington Air North Industrial Park (AAN), located in Arlington, Wash. The Project will be the first delivery in the master-planned development and will consist of a 203,922-SF, Class-A, state-of-the-art manufacturing/light industrial facility situated on 10.50 acres. After a nearly 24-month negotiation, SMARTCAP has now completed a favorable, 75-year ground lease with the City of Arlington that will allow for construction to commence in Q3 2025 with an expected delivery in Q2/Q3 2026. The Project will feature 24’ clear heights, 36 dock-high doors, 16 grade-level doors, and 292 automobile parking stalls. While most industrial projects in the market are pursuing larger tenants, SMARTCAP is taking a different approach, underwriting the property to meet market demand and have flexibility to demise suites as small as 20,000 SF, if needed. This unique strategy allows flexibility in leasing, allowing us to accommodate a range of tenant sizes.

Due to lack of available land in the greater Seattle market, the North End has grown into one of the most sought-after industrial markets in the Puget Sound. Despite the interest from developers, the submarket remains healthy in supply and demand dynamics, with under 2% of the North End Industrial submarket
inventory — encompassing Arlington, Marysville, and Everett —under construction in Q3 2024. The project offers investors the unique opportunity to join an experienced team on a fully permitted, shovel-ready, industrial development. The Opportunity Zone investment will offer investors tax advantages and competitive returns.