Updated Sep 19, 2025
CAT Investments VII LLC Acquires Industrial Property From Unicorn Properties In Seattle For $9.8M
2600 West Commodore Way
$9,800,000
$163/SF
Building Size
60,000 SF
Asset Type
Industrial
Closing
Sep 11, 2025
About this deal
AI
The industrial property located at 2600 West Commodore Way in Seattle, WA was sold for $9,800,000. This asset encompasses 60,000 square feet and was previously purchased for $11.4 million by the seller, Unicorn Properties. The transaction reflects a decrease in sale price attributed to higher interest rates, partial vacancy, and minor capital needs.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,800,000
- Sale Date: 09/11/2025
- Buyer: CAT Investments VII LLC
- Seller: Unicorn Properties
- Brokers: Zane Shiras & Sean Durkin - Lee & Associates
- Square Footage: 60,000
- Price per Square Foot: $163
Zane Shiras and Sean Durkin from Lee & Associates represented the transaction for both the buyer and the seller, ensuring the deal was facilitated smoothly between CAT Investments VII LLC and Unicorn Properties.
Players
Seattle Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93