The Seattle Ship Canal Offering consists of 8 industrial buildings (71k sq ft) on over 4 acres of uplands along the Ballard side of Seattle’s Ship Canal, connecting the Puget Sound’s fresh water lakes with the Pacific Ocean. The buildings are currently occupied by multiple, smaller local industrial tenants. The property also receives a significant amount of income from its large amount of commercial moorage.
After many years of discussion regarding advice on how to position the property, the managing members of the Commercial Marine Construction Company contacted the Kidder Mathews team about a potential off-market sale. The Kidder Mathews team worked with the sellers and the sellers’ financial and legal professionals to better understand the motivations of the owners and then went to work on sourcing a solution in the market.