What is the asking price for Interbay Retail Center?

Please use the contact form to get in touch with a broker and find out more about renting space here.

What is the total size of Interbay Retail Center?

The property has a total square footage of 98,976 SF.

When was this property built?

Interbay Retail Center was built in 2016.

How many parking spaces are available at Interbay Retail Center?

The property features 425 parking spaces, resulting in a parking ratio of 4.29 / 1,000 SF.

1600 W Armory Way, Seattle, WA 98119

For Sale Subject To Offer
Property Type Retail - Power Center
Property Size 98,976 SF
Lot Size 7.7 Acre
Parking Spaces Avail. 425
Parking Ratio 4.29 / 1,000 SF
Year Built 2016
Date Updated May 14, 2026

Description

Introducing a prime investment opportunity at 1600 W Armory Way, a ±100,000 SF large-format retail center located in Seattle’s highly desirable Interbay submarket. Constructed between 2016 and 2019, the property is 100% leased to nationally recognized retail and service tenants and offers investors durable in-place cash flow complemented by long-term flexibility through excess land and a multi-parcel configuration. Positioned within a supply-constrained urban infill location less than five miles from Downtown Seattle, the asset benefits from strong access, high-income demographics, and embedded optionality for future strategic value creation.

Highlights

100% leased to nationally recognized, credit retail and service tenants including Michaels, HomeGoods, Total Wine, Bright Horizons, and ZoomCare
4.2-year weighted average lease term (WALT) with substantial embedded renewal optionality
Approximately 15 years of remaining renewal options across Michaels, HomeGoods, and Total Wine
Approximately 8 years of remaining lease term on Bright Horizons, a leading early-education operator
Core Seattle infill location less than 5 miles from Downtown Seattle, with immediate access to SR-99 and I-5
Dense, high-income trade area with approximately 216,000 residents within a 3-mile radius
Modern construction (2016–2019) with limited near-term capital expenditure requirements
Six-parcel configuration offering long-term flexibility and strategic site control
Two vacant parcels totaling approximately 1.81 acres, providing future development, parcelization, or excess-land monetization optionality
ZoomCare exercised its 5-year renewal option in 2025