- For Sale $55,000,000
- Property Type Retail - Street Retail
- Property Size 98,976 SF
- Lot Size 5.9 Acre
- Parking Spaces Avail. 425
- Parking Ratio 4.29 / 1,000 SF
- Year Built 2016
- Date Updated Jul 2, 2026
Description
Interbay Retail Center is a ±100,000 SF institutional-quality retail center located in Seattle's highly desirable Interbay submarket. Constructed between 2016 and 2019, the property is 100% leased to a diversified roster of nationally recognized retailers and service providers including HomeGoods, Michaels, Total Wine, Bright Horizons, and ZoomCare. The offering provides investors with durable in-place cash flow, modern construction, and an irreplaceable urban infill location less than five miles from Downtown Seattle.
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
- Four-parcel configuration offering long-term flexibility and strategic site control
- Modern construction (2016–2019) with limited near-term capital expenditure requirements
- ZoomCare exercised its 5-year renewal option in 2025
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Contacts
Ariel Mizrahi
SVN | Cornerstone
Location
Contact Listing Broker
Ariel Mizrahi
SVN | Cornerstone
