Now selling from $598,880, Ravenna88 will be located just 6 miles north of Seattle's central business district, 2 miles from the University of Washington, 5 miles from South Lake Union and near Interstate 5.

CapRock Partners recent industrial value-add project shows the potential in redeveloping a class-A industrial property.

The firm's new real estate operations platform is completely configurable, and the company says it's the first of its kind for the industry.

As demand remains steady, developers strive to deliver units near major transportation centers and amenities, especially evident in Silicon Valley where tech players remain on a hiring juggernaut.