Office Land OVERVIEW 35 STONE | 3524 Stone Way 3524 Stone Way North, Seattle, WA Land / Office Development 34,163 SF / 0.78 AC Seller Representation Sale Price: $17,500,000 “While we have sold many assets, we have never had a team drive pricing as much as the Lee Team did on this process.” – Jim Rivard Managing Partner, SRM THE CHALLENGE Ownership was contemplating selling or completing a Joint Venture for their permitted Living Green…
Case Study – Over $10M Office 4th & Union
OVERVIEW 4th & Union | 1404 4th Avenue 1404 4th Ave, Seattle, WA 21,713 SF Value-Add Office 6,105 SF / 0.14 AC Seller Representation Sale Price: $10,600,000 THE OUTCOME Listed: November 22, 2019 Competing Offers: 4 Offers Under Contract: January 4, 2022 Closed: July 15, 2022 (place image here) THE CHALLENGE Fourth & Union is a 21,713-square-foot historically landmarked building that features three floors of office space atop ground-level retail. The building had not been…
Case Study – Tumwater Corporate Center
OVERVIEW Tumwater Corporate Center Building 1 2422 93rd Ave SW, Tumwater, WA Industrial / Distribution Facility ± 149,340 SF Total ± 3,000 SF Office Landlord: Crow Holdings Tenant: Daedong USA Lease Rate: $0.86 PSF Shell $1.55 PSF Office Add-on, plus NNN ABOUT THE CLIENT Daedong-USA, Inc., distributes Kioti tractors and equipment, part of Daedong Corporation’s 70+ year legacy in innovative agricultural solutions. With an expanding portfolio of autonomous and AI-driven technologies, Daedong-USA serves customers globally…
Case Study – 1510 & 1616 St. Paul Ave
OVERVIEW 1510 & 1616 St. Paul Ave, Tacoma, WA Industrial Warehouse ± 138,788 SF Total Buyer Representation Sale Price: $19,510,000 ($141 PSF) THE CHALLENGE Lee & Associates successfully represented SMARTCAP in their first Southend industrial acquisition—a 138,788-square-foot warehouse in a highly competitive market. This property, located in an A+ core infill area in the Port of Tacoma, offered immediate access to the port, Interstate 5, and rail. Multiple offers were submitted due to the property’s…
Case Study – Ford Building
Retail OVERVIEW THE FORD BUILDING 1521-1523 10th Ave , Seattle, WA Retail Investment 33,391 SF Seller Representation Sale Price: $14,000,000 THE OUTCOME Listed: November 25, 2016 Competing Offers: 3 Offers Under Contract: February 17, 2017 Closed: April 28, 2017 THE CHALLENGE The Ford Building is a classic historic building with a large lower level/basement. The building had two major tenants, Elliott Bay Book Store, and Totokaelo clothing store, who both had space on the main…
Case Study – Mukilteo Industrial Market
Key Deal Points 12407 Mukilteo Speedway, Mukilteo, WA Industrial 5,040 SF Total 700 SF Office For more information regarding this case study, please contact: Ryan Aleinikoff Associate D (425) 818.2654 raleinikoff@lee-associates.com Richard Peterson Principal D (206) 773.2677 rpeterson@lee-associates.com Chris Peterson Principal D (206) 773.2678 cpeterson@lee-associates.com The Challenge Find a replacement tenant for a suite that was going to be vacated from an expanding tenant. To save the landlord money, we had to find…
Case Study – 3201 S Norfolk Street | Seattle Industrial Market
Key Deal Points 3201 S Norfolk Street, Seattle, WA Industrial Warehouse, Brand New Class A Construction ± 49,330 SF Total Tenant Representation 10 Year Lease Term For more information regarding this case study, please contact: Andrew Hull Vice President D (253) 444-3023 ahull@lee-associates.com The Challenge The client required a 50,000 square foot warehouse to support their increased production capacity. The warehouse had to be within proximity to King County Airport. A property that matched their…
Case Study – 1315 1st Ave
Small Value-Add Office OVERVIEW LUSTY LADY | 1315 1st Avenue 1315 1st Avenue, Seattle, WA Major Office / Retail / Hospitality Renovation 24,880 SF / 4,440 Land SF / 0.10 AC Seller Representation Sale Price: $3,000,000 Daedong-USA, Inc., distributes Kioti “We were impressed by the number of tours and offers the Lee Team was able to procure, along with their positive attitude throughout a process that took nearly two years and involved multiple buyers.” -…
Case Study – Masin Block
OVERVIEW MASIN BLOCK | 220-240 2nd Ave S 220-240 2nd Ave S, Seattle, WA Value-Add Office 80,160 SF Seller Representation Sale Price: $24,100,000 THE OUTCOME Listed: January 25, 2021 Competing Offers: 4 Offers Under Contract: May 15, 2021 Closed: July 27, 2021 THE CHALLENGE Our team represented ownership when they bought both the Pacific Commercial and Masin Buildings from two different groups. Dueto a change in strategy, ownership decided to sell the combined buildings….
Case Study – AFF Logistics Center
OVERVIEW Fife, Washington, near the Port of Tacoma Industrial / Logistics Property ±99,260 SF on 19.5 Acres Seller (& Lessee) Representation Sale Price: $46,515,015 ($469/SF) “We were extremely happy with the local market expertise and guidance provided by the Lee & Associates team. From lease availability analyses, to purchase and sale negotiation, introduction to key area legal counsel, and presence during the entire transaction, we could not have asked for more. The Lee team…