INVESTMENT RECAP
SMARTCAP Opportunity Zone Fund II is a real estate development equity fund invested in two warehouse/distribution buildings in Arlington, WA. The first building was completed in Q1 2022, followed by the second in Q2 2023. Both assets are situated on a ground lease with the City of Arlington.
FUND PROPERTIES
ARlington air industrial park
ABOUT INVESTMENT
A SMARTCAP development, phased over three years, saw Building A delivered and stabilized in Q1 2022. Shortly after, Building A was refinanced, yielding sufficient proceeds to facilitate the development of Building B. Both assets feature 24' clear heights and are designed to attract manufacturing or light distribution users.
LOCATION
Arlington, WA
SUBMARKET
Seattle Northend
PROPERTY TYPE
Class A Industrial
TOTAL SQUARE FOOTAGE
305,199 sq. ft.
YEAR BUILT
2022 & 2023
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