1407 S Dearborn St, Seattle, WA 98144
Team: Devin Haskell
Close of Sale: 09/15/2023
Price: $2,350,000
About
On September 15, 2023, SRE successfully closed a transaction involving a property featuring an industrial warehouse, office space, and a spacious yard, with a land size totaling 15,800 square feet. Devin leveraged his extensive market knowledge to position the listing in the market as both a value-add investor opportunity requiring a demolition project as well as an owner-user sale. A suitable buyer was secured for the property at a sale price of $2,350,000
Key Components
– 10,050 Total Building SF
Our multi-generation family business, Yuen Lui, had purchased the warehouse and office building at 1407 S Dearborn St back in 2008 to use as our photo processing, and offices. Over the years, as the business transitioned, we no longer had a use for it. During a brief period of vacancy, some vandals got in and started a fire, causing some damage. Devin Haskell had called me about the property, and we developed a relationship over several years over lunches of chicken wings and white fish in garlic sauce at Tai Tung in the ID. So when the time came to sell the building, we decided to work with Devin. His team got to work on marketing, with drone aerial photography and architectural renderings showing what could be done with the property to optimize for more yard area. Our first Buyer backed out, there were some concerns with environmental. But Devin had a cash Buyer lined up in backup position who immediately stepped in and closed in 15 days, at a surprisingly high price considering the work that the building needed following the vandalism. Devin is a great communicator, he’s always available, and he works quickly to solve problems. I recommend working with him for any commercial transaction needs.