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FOR SALE $3,500,000 Sale Price | 16,840 SF Building 110 42nd St NW, Auburn, WA High quality, original owner, concrete tilt manufacturing/distribution building that can serve one or two tenants

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Page 1: FOR SALEsoundcommercialpartners.com/wp-content/uploads/2020/08/... · 2020. 8. 20. · Zoning M-1 Light Industrial (City of Auburn) Price $3,500,000. FULLY insulated UPGRADED heavy

FOR SALE

$3,500,000 Sale Price | 16,840 SF Building 110 42nd St NW, Auburn, WA High quality, original owner, concrete tilt manufacturing/distribution building that can serve one or two tenants

Page 2: FOR SALEsoundcommercialpartners.com/wp-content/uploads/2020/08/... · 2020. 8. 20. · Zoning M-1 Light Industrial (City of Auburn) Price $3,500,000. FULLY insulated UPGRADED heavy

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Kidder Mathews and should not be made available to any other person or entity without the written consent of Kidder Mathews.

This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kidder Mathews has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Kidder Mathews has not verified, and will not verify, any of the information contained herein, nor has Kidder Mathews conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies.

01EXECUTIVE SUMMARY

02PROPERTY DESCRIPTION

KIDDER.COM

MATT MCLENNAN

Senior [email protected]

EXCLUSIVELY LISTED BY

TABLE OF CONTENTS

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3TABS PLUS BUILDING OFFERING MEMORANDUM KIDDER MATHEWS

01EXECUTIVE

SUMMARYTHE OFFERING

INVESTMENT HIGHLIGHTS

BUILDING FEATURES

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4TABS PLUS BUILDING OFFERING MEMORANDUM KIDDER MATHEWS

Kidder Mathews is pleased to offer the opportunity to acquire the Tabs Plus building in Auburn, WA.

THE OFFERING

Tabs Plus is a Class A, industrial warehouse property that can serve the needs of manufacturers and distributors. The building will be sold vacant offering an owner/user the ultimate opportunity to acquire high quality strategically located real estate. The building is currently occupied by a single tenant however, infrastructure is already in place to serve a two-tenant scenario including a quality constructed demising wall with

EXECUTIVE SUMMARY

existing pass-through and second office node with separate access and utilities.

Quality owner/user buildings like this rarely hit the market for sale. The Tabs Plus Building has several upgrades in place that should make this a plug and play opportunity for a business to own and operate in a quality industrial building in a core Puget Sound submarket.

PROPERTY OVERVIEW

Address 110 42nd St NW, Auburn, WA

Square Footage16,840 total SF, 2,336 total office SFWarehouse A | 12,990 SF (1,904 SF)Warehouse B | 3,850 SF (432 SF)

Clear Height ±22 - 24'

Land Area 0.98 Acres | 42,580 SF

APN 936000-0085

Year Built 1998

Construction Type Concrete Tilt

Loading Warehouse A | 2 dock-high doors / 1 grade-level doorWarehouse B | 1 grade-level door

Zoning M-1 Light Industrial (City of Auburn)

Price $3,500,000

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FULLY insulated

UPGRADED heavy three phase power (exact amperage to be confirmed by buyer)

TWO-TENANT or single tenant design (currently demised with pass-through, separately metered power, and second office space)

DROP-DOWN POWER and air lines throughout primary warehouse space

QUALITY tilt-up construction

ABUNDANT parking

DESIRABLE warehouse to office ratio

BOTH dock and grade level loading

APARTMENT BUILDING OFFERING MEMORANDUM KIDDER MATHEWS 5

BUILDING FEATURES

MAIN ENTRANCE

LOADING DOCKS

WAREHOUSE A OFFICE WAREHOUSE B

TABS PLUS BUILDING OFFERING MEMORANDUM KIDDER MATHEWS 5

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6TABS PLUS BUILDING OFFERING MEMORANDUM KIDDER MATHEWS

02PROPERTY

DESCRIPTIONAERIALS

BUILDING & FLOOR PLANS

PROPERTY PHOTOS

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N

MARKET AREA

FEDERAL WAY

KENT

AUBURN

TABS PLUS BUILDING OFFERING MEMORANDUM KIDDER MATHEWS 7

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DRIVE TIMES

PORT OF SEATTLE

PORT OF TACOMA

FEDERAL WAY

VASHON ISLAND

BURIEN

SEATAC AIRPORT KENT

COVINGTON

SUBJECT PROPERTY

AUBURN

RENTON

SEATTLE

BELLEVUE

N

Port of Seattle 35 Mins 24.8 Miles

Port of Tacoma 37 Mins 14.9 Miles

SeaTac 19 Mins 15.0 Miles

Seattle 28 Mins 23.5 Miles

Federal Way 18 Mins 7.0 Miles

Renton 18 Mins 11.1 Miles

SR-167 5 Mins 1.8 Miles

TABS PLUS BUILDING OFFERING MEMORANDUM KIDDER MATHEWS 8

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BUILDING SITE PLAN

OFFICE A (1,904 SF)

WAREHOUSE A (12,990 SF)

WAREHOUSE B (3,850 SF)

OFFICE B (432 SF)

Key

= Dock Door

= Grade Door

= Existing Wall

TABS PLUS BUILDING OFFERING MEMORANDUM KIDDER MATHEWS 9

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FLOOR PLANS

OFFICE OFFICE

OFFICE

OFFICELUNCH ROOM

CONFERENCE ROOM

MEN'S ROOM

WOMEN'S ROOM

RECEPTION

MAIN ENTRANCE

This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty, or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other professional advisor.

KIDDER.COM

Floor Plan

0000 S KIDDER RD, CITY, STATE 00000

FOR LEASE / SALE

Property Name

8.3

3’

10

.5’

10

’ ±8

9.25’

12

.66

45

” x

45

” W

IND

OW

45” x 45” WINDOW

11.84’

12.5’

8.6’

ROLL UP BAY DOORWINDOW MAN DOOR

TOTAL AREA 431.49 SF of office/restoom space

PARKING LOT WEST

SO

UT

H W

AL

L

WINDOW

WAREHOUSE A OFFICE WAREHOUSE B OFFICE

OFFICE/FOYER

OFFICE

RESTROOM

OFFICE

12'

12'

12'

22'

12'

12'

5'

10'

8'

4'

11.5'

12' 14

'

12.5

'12

.5'

7'

7'

12'

11.5'11.5'

TABS PLUS BUILDING OFFERING MEMORANDUM KIDDER MATHEWS 10

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WEST VIEW NW CORNER

WAREHOUSE A GRADE DOOR

LOADING DOCKS

WAREHOUSE B ENTRANCE

WAREHOUSE A

WAREHOUSE A

WAREHOUSE ATABS PLUS BUILDING OFFERING MEMORANDUM KIDDER MATHEWS 11

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LOADING DOCKS

LOOK AT INTERIOR WAREHOUSE A GRADE DOORS

WAREHOUSE BLOOK AT INTERIOR WAREHOUSE A GRADE DOORS

WAREHOUSE B OFFICE

WAREHOUSE B

DEMISING WALL

TABS PLUS BUILDING OFFERING MEMORANDUM KIDDER MATHEWS 12

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KIDDER.COM

EXCLUSIVELY REPRESENTED BY

MATT MCLENNAN

Senior [email protected]