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Warehouse Near Seattle Port Triples in Value Within Four Years

Industrial Property Built in 1968 Sold to Denver Investor for $15.5 Million
A warehouse in the industrial region south of downtown Seattle traded for about $15.5 million, nearly three times its 2018 price, showing investor confidence buoyed by tight supply. (Anthony Harle/CoStar)
A warehouse in the industrial region south of downtown Seattle traded for about $15.5 million, nearly three times its 2018 price, showing investor confidence buoyed by tight supply. (Anthony Harle/CoStar)
CoStar News
February 25, 2022 | 10:32 P.M.

A Seattle warehouse traded at nearly three times its 2018 sale price, an indicator of the vigorous activity in the area, with the buyer saying it sees upside even after such a steep rise.

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