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Office Warehouse

2520 112th St S

2520 112th St S, Tacoma, WA 98499

Listing Price: $3,380,000

Cap Rate
1.00%
Gross SF
19,200
Price/Gross SF
$176.04
Lot Size
2.40 acres
Year Built
2000
Rentable SF
19,200

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire 2520 112th St S, a 19,200 square-foot industrial warehouse in Lakewood, WA. Built in 2000, the metal with wood frame structure is situated on 2.4 acres. The building is comprised of two suites, one of which is occupied by a month-to-month tenant and the other is move-in ready for a new tenant or owner-user. The building lends itself well to the service, distribution, and wholesale industries. There are a total of 11 grade level doors between the two suites. Another tenant rents a portion of the additional yard space on a month-to-month basis. 2520 112th St S is an excellent opportunity for an owner-user to move in immediately and begin operations. It also provides the savvy investor the opportunity to capitalize on one of the hottest industrial leasing markets in the state. The month-to-month nature of the tenants allows for immediate rental increase or re-lease at market opportunities.

Investment Highlights

  • Owner-User Or Investment Opportunity
  • Excellent Access To Interstate-5 And Highway 512
  • Ability To Lease Yard For Additional Cash Flow
  • Month-To-Month Tenants At Below Market Rents Allow For Immediate Value-Add Strategy

Exclusively Listed By

Financing By

  • Tammy Linden

    First Vice President Capital Markets

    Direct:

    Email Tammy

    Seattle, WA

Office Warehouse

2520 112th St S

Listing Price: $3,380,000

Cap Rate
1.00%
Gross SF
19,200
Price/Gross SF
$176.04
Lot Size
2.40 acres
Year Built
2000
Rentable SF
19,200

Investment Highlights

  • Owner-User Or Investment Opportunity
  • Excellent Access To Interstate-5 And Highway 512
  • Ability To Lease Yard For Additional Cash Flow
  • Month-To-Month Tenants At Below Market Rents Allow For Immediate Value-Add Strategy

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire 2520 112th St S, a 19,200 square-foot industrial warehouse in Lakewood, WA. Built in 2000, the metal with wood frame structure is situated on 2.4 acres. The building is comprised of two suites, one of which is occupied by a month-to-month tenant and the other is move-in ready for a new tenant or owner-user. The building lends itself well to the service, distribution, and wholesale industries. There are a total of 11 grade level doors between the two suites. Another tenant rents a portion of the additional yard space on a month-to-month basis. 2520 112th St S is an excellent opportunity for an owner-user to move in immediately and begin operations. It also provides the savvy investor the opportunity to capitalize on one of the hottest industrial leasing markets in the state. The month-to-month nature of the tenants allows for immediate rental increase or re-lease at market opportunities.

Exclusively Listed By

Financing By

  • Tammy Linden

    First Vice President Capital Markets

    Direct:

    Email Tammy

    Seattle, WA

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