Home Commercial Two Warehouse/Distribution Facilities Totaling 81,500 SQFT in Seattle’s Industrial District Sell for...

Two Warehouse/Distribution Facilities Totaling 81,500 SQFT in Seattle’s Industrial District Sell for $37.2MM

By Jack Stubbs

On Monday, December 17th, two warehouse/distribution facilities totaling approximately 81,500 square feet in Seattle’s Industrial District—one of which is home to a Mercedes-Benz dealership—sold for $37.2 million, according to King County records. The buyer is listed as SC SEATTLE RE LLC, an entity affiliated with Swickard Auto Group, a company that owns and manages a number of car dealerships throughout the Puget Sound region. The seller was Seattle Metro Properties LLC, which shares the same address as a Jaguar Land Rover Dealership based in Bellevue.

Swickard Auto Group did not respond to calls for comment about the transaction in time for the publishing of this story.

The sale included three parcels located at 2015 and 2025 Airport Way S. in Seattle’s Industrial District, which is just east of the city’s Beacon Hill neighborhood. According to public documents, the first parcel includes a 24,520 square foot warehouse/distribution facility—that serves as a garage/service-repair building—constructed in 1956. The second parcel located at 2025 Airport Way S.—which according to Google Maps is home to Mercedes-Benz of Seattle auto dealership—includes a two-story, 56,988 square foot building that serves as an automotive showroom. The third parcel includes an auto showroom and lot sitting on 2.24 acres.

The three-parcel property, which sits at the corner of Airport Way S. and S. Holgate Street, is roughly two miles south of downtown Seattle via I-5 and three miles south of Georgetown. There are a number of auto repair and service centers located in close proximity to the Mercedes-Benz buildings. Honda of Seattle and Toyota of Seattle occupy the adjacent building located at 2005 Airport Way S.

Swickard Auto Group owns and operates a number of auto dealerships throughout the Pacific Northwest. The company has owned and operated Gresham Toyota since February 2018, Mercedes-Benz of Wilsonville, Oregon, since May 2014, Epic Ford of Everett, WA since January 2017, and Eugene of BMW since June 2017, according to the company’s web site. The company strives to continue improving the car-buying experience for its customers.
“We are…continuing on our road to redefine the car buying experience and delivering personalized customer service…and believe in empowering our employees to delight our customers as we drive towards building a culture of compassion,” its web site states.