35,750 SF Value-Add/Creative Industrial
- Acquired June 2022.
- Creative industrial building totaling 35,750 SF on approximately 0.56 acres. The warehouse is comprised of 24’-26’ clear, well-maintained manufacturing space, tap room, kitchen, patio, cold and cooler storage and office. With frontage on Leary, the Property is well suited in a high visibility and high traffic corridor. The Property located within IG2U/65 Zoning is desirable for the end user as it allows for greater flexibility and alternative industrial uses.
-Purchased off-market from owner and operator Hales Ales Brewery. Hales, a staple and innovator in the Seattle brewery industry has owned and occupied the building since 1983 specializing in English Style Pale Ales. The Owner, Mike Hale, is retiring and will be closing down operations.
-The Property has roughly $2.5 million dollars of existing equipment and infrastructure creating extremely attractive plug and play opportunity for future brewery tenancy. Inversely, the brewing equipment can be removed for traditional warehouse, manufacturing or creative office type tenancy allowing for greater flexibility.
-Located on the boarder of Fremont and Ballard, in the heart of Seattle’s brewery district and home to more than nineteen of Seattle’s best breweries all within one-mile walkable radius.