Public Storage
Tukwila, WA
Executive Summary
CBRE’s Self Storage Advisory Group has been retained as the exclusive listing agent to market Public Storage-Tukwila, located at 14300 Interurban Avenue South, for sale. This newly constructed, Class-A self-storage facility features 74,800 NRSF of storage space distributed across 792 units. The property’s diverse unit mix offers prospective tenants a wide array of storage options including ground level drive-up, interior non-climate and climate-controlled spaces as well as exterior parking. Public Storage-Tukwila benefits from excellent street frontage along Interurban Avenue South, this major vehicular corridor provides visibility too over 21,000 vehicles per day. Since opening their doors for business in Q1 2024, the facility has posted an impressive lease up trajectory, achieving nearly 81.6% physical occupancy as of June 30, 2025.
This institutional-quality storage asset is strategically located in the highly sought after submarket of Tukwila, Washington. Tukwila is a vibrant suburban municipality just south of Seattle, centrally located within the Seattle/Tacoma/Bellevue WA MSA which ranks in the top ten nationally for GDP production. This dynamic and diverse economy is strategically located at the confluence of major highways (I-5 and I-405), and just a mile from Seattle-Tacoma International Airport, the city thrives as a transportation and commerce hub. Its economy is robust, driven by a mix of retail (anchored by Westfield Southcenter, the Pacific Northwest’s largest mall), aerospace manufacturing (home to Boeing facilities), and a growing base of small businesses.The Tukwila submarket offers potential Buyers an enticing blend of demographic characteristics with densely concentrated population numbers, 301,149 people, as well as average household incomes of $134,181, within the 5-mile radius. Tukwila is well positioned for continued demographic expansion with 9,840 future residential units currently in the developmental pipeline. With ongoing development projects, such as the 19-story Southcenter District Apartment Tower and the revitalization of Tukwila International Boulevard, the city’s business-friendly climate and proximity to 55% of Washington’s total population within an hour’s drive make it an attractive destination for investment.
Investment Highlights
Team
Brokerage Team
CBRE Self Storage Advisory Group provides personalized and tailored services, backed by the nation’s foremost experience and technology, driving successful real estate outcomes for individual and institution investors alike. As the industry leader in self-storage advisory, we bring unmatched buyer exposure and market knowledge to each transaction, delivering maximum value to clients.
With more than $6.5 billion in consideration and over 45 million square feet sold since 2009, this self storage team led by Nick Walker offers customized investment sales, acquisition and recapitalization services, together with industry-leading market intelligence, to provide unmatched exposure to buyers across the country. By leveraging the strength of CBRE’s Self Storage Advisory Group, in conjunction with market research, a seamless execution process and long-standing relationships, the team can anticipate trends and command capital globally, validating CBRE’s Self Storage Advisory Group as the safest and best choice for results in the global investment property capital market.
