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South Lake Union Labs
Life science

South Lake Union Labs

LNP — SLU Life Science LLC · Seattle, WA

Book value$141.0M
NOI$7.8Mtrailing twelve months
Cap rate5.5%
Occupancy88%
Asset class
Life science
Market
Seattle, WA
Ownership
90%
Source system
Yardi
Acquired
2022
Rentable area
210,000 sqft

About

Purpose-built life-science / lab conversion in South Lake Union. Leasing into a softening lab market; TI-heavy.

History

book value ($M)
South Lake Union Labs
In the close
Q2 2026 · consolidation
StatusIn review
Owning entityLNP
SourceYardi
NI this quarter$1.5M
Rolled into the LNP consolidation — not separately tracked this close.