FIFE, WA—Avison Young's national industrial capital markets team of Erik Foster and Mike Wilson has been awarded the exclusive sale listing for a fully-occupied, 324,220-square-foot corporate distribution facility in the Seattle area.

The state-of-the-art building at 3011 70th Ave. in Fife, (near Tacoma) is 100 % leased and occupied by Northwest Metal Products Co., which also owns the building. The facility, which was built in 1994, is used to fabricate sheet metal products that are distributed throughout the West Coast and into Canada.

"This is an ideal opportunity for investors to secure a fully-leased building with excellent access to the Port of Tacoma, one of the largest port container hubs in North America, along with the intermodal capabilities in that region," said Foster, an Avison Young principal and the practice leader of the firm's national industrial capital markets team. “This high quality asset is ideal for investors looking to gain a foothold into a core distribution market.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.