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BKM Capital Partners purchased SeaTac Industrial Park, a 129.7k sf industrial asset in SeaTac, WA, for $29 mil. ($224/sf). The property sits within one of the tightest and most sought-after industrial markets in the Seattle metro area.
SeaTac Industrial Park comprises three concrete tilt-up buildings with 18 units ranging from 1.9k sf to 32.5k sf, with office spaces comprising 16% of the total footprint. Located at 18802-19024 13th Place S, the property is 92% leased and offers 14- to 16-foot clear ceiling heights, 45 dock-high doors, and 34 grade-level doors. The facility’s unique cross-dock loading configuration, a rare feature for small-bay properties, further enhances its appeal to last-mile users and logistics tenants.