Here’s how to tap into culture and commerce near Puget Sound

A generational investment opportunity is available in Anacortes, WA. that combines rich cultural history with the prospect of lucrative local and international commerce in the marine and aquaculture sectors.

Sebastian Stuart LLC takes its name from the original cannery complex built between the 1940s and 1970s. A 38,000 square foot warehouse, pier and dock centrally located in this historic fishing community. Now ready to be transformed into a vertically-integrated seafood company, a storefront market or any other host of opportunities afforded by operating near the pristine waters off of Washington State.

“This is a fantastic opportunity to grow with this legacy property because of its many positive benefits for the marine and aquaculture industries and the community as a whole,” said Patrick Warren, president and CEO of Sebastian Stuart, LLC.

Investment opportunity in aquaculture

Sebastian Stuart LLC is seeking sale or investment in the property. The LLC holds title to the property and maintains decades-long lease agreements with government agencies and regulators with respect to foreshore aquaculture rights and access.

In addition to the built environment the property consists 2.4 acres of foreshore steeped in Pacific Northwest history and tradition.

Versatile waterfront development potential

Located near the intersection of 12^th Street and D Avenue the development options specifically within the marine and aquaculture industries are numerous.

Prospective investors might desire involvement in live dungeness crab industry or shellfish hatchery aquaculture for geoduck, sea urchin or clams. Ideal for fish offloading, storage of fishing equipment or boat mooring. A larger seafood conglomerate involved in the entire supply chain from harvesting to distribution could see this as a logical strategic investment.

Alternatively one of the property’s warehouses could be retrofitted to become  a public market similar to the numerous vendors seen on Granville Island in Vancouver, B.C.

“There are very few properties like this in North America that have so much potential within the sphere of seafood production and sales, one that has access to unlimited amounts of fresh seawater and access to Puget Sound and in close proximity to the I-5,” Warren says.

This property allows access for overseas investors into one of the largest shellfish producing areas in the world.  The demand for seafood grows annually. In these uncertain times with international trade this property is a gateway to the American market. Also located between two major International airports YVR and SEA any seafood landed or produced here is logistically central.

From an international commerce perspective EU countries such as Holland, Italy and Spain have a thriving import business for live shellfish from the West Coast – specifically manila clams. Asia and America’s demand for live dungeness is constant.

This property could also be a lynchpin for a non profit group to transform it into a marine institute or heritage-type facility, similar to renowned organizations such as the Gulf of Maine Research Institute, the Pacific Maritime Heritage Center or Northwest Maritime Center.

Assessed at $1.5 million USD a decade ago, the property is in need of upgrades and the lease requires a base level of remediation for rotted pilings. About 40% of the structures has to be modified or grated to be in accordance with Washington’s Department of Natural Resources regulations around light penetration to the ocean bed.

“With $2 million worth of investment upgrades to this facility, you have a $5-million to $7-million property,” Warren says.

Explore investment details and next steps by contacting Sebastian Stuart LLC at [email protected].

Written by the Western Investor (https://www.westerninvestor.com/specialfeatures/heres-how-to-tap-into-culture-and-commerce-near-puget-sound-11345679)