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Cushman & Wakefield Arranges Sale of 386K-SF Auburn Industrial Properties
Cushman & Wakefield has arranged the sale of Auburn Park 167, a 385,986-square-foot, two-building industrial property located at 3703 and 3941 I Street NW in Auburn. Cabot Properties has acquired the campus for $83 million, the Puget Sound Business Journal reported.
Cushman & Wakefield’s Bryce Aberg, Jeff Chiate, Jeffrey Cole and Matthew Leupold of the firm’s National Industrial Investment Advisory Group in Southern California represented the seller in the transaction.
“This significant transaction represents a major milestone in one of Seattle’s most sought-after submarkets,” said Aberg. “The property’s strong fundamentals, strategic location and robust financial profile created a rare investment opportunity.”
The property consists of two industrial warehouse buildings featuring functional divisibility with a variety of bay sizes, 30-foot clear heights and grade/dock-high loading doors. Auburn Park 167 is currently 100% leased to well-known tenants. Situated on 17.63 acres within the Auburn submarket, the property is located in close proximity to SR 167 and direct adjacency to the Seattle-Tacoma International Airport.
