Georgetown industrial building sells for $14,500,000

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Seattle, Wash. (October 22, 2018) – A 75,048 square foot, single tenant industrial building located at 303 South River Street in Seattle, Washington, has sold for $14,500,000 ($193.21 per square foot). The seller, Westcore Properties, a commercial real estate investment firm with a portfolio of over 750 buildings and 50 million square feet, was represented in the transaction by Kidder Mathews commercial real estate broker, Andy Miller, as well as Mike Roy and Kevin Skillestad of the Neil Walter Company. The property was purchased by Talon Private Capital, a locally owned company that specializes in the investment and management of commercial real estate.

The building is 100% leased to OpenSquare, a Northwest leader in office space workstations and furniture for corporate users. It is strategically located in Seattle’s Georgetown submarket, the tightest industrial market in the Northwest with a current vacancy rate of 2.1% in the 57 million square foot market.

About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with over 700 real estate professionals and staff in 21 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $7 billion in transactions, manages over 50 million square feet of space, and conducts 1,500 appraisals annually. For more information, visit kiddermathews.com.

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