INVESTMENT RECAP
SMARTCAP Opportunity Zone Fund 1 is dedicated to the development of the 188th Street Industrial Park. Initially envisioned as a multi-phase, 200,000-square-foot industrial project, one parcel was sold in July 2020 for it's land value, generating net proceeds of approximately $4.65 million. The remaining 99,555 square feet of the development were completed in May 2020.
FUND PROPERTIES
Delivered
Q2 2020
IRR
TBD
188th street industrial park
ABOUT INVESTMENT
A SMARTCAP development, 188th Street Industrial Park features two buildings specifically designed to accommodate small bay manufacturing tenants. Each building boasts 24' interior clear heights and provides both grade-level and dock-high loading options for all tenants.
LOCATION
Arlington, WA
SUBMARKET
Seattle Northend
PROPERTY TYPE
Industrial
TOTAL SQUARE FOOTAGE
99,555 sq. ft.
YEAR BUILT
2020
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