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Warehouse

2318 S Tacoma Way

2318 S Tacoma Way, Tacoma, WA 98409

Listing Price: Request For Offer

Gross SF
33,750
Lot Size
1.83 acres
Year Built
1960
Rentable SF
33,750

Investment Overview

The Leibsohn Group is pleased to present the sale offering for the well located and versatile 2318 South Tacoma Way industrial property. This core warehouse asset is conveniently located along the “Nalley Valley” corridor with close proximity to Tacoma CBD and the Port of Tacoma and great access to I-5 and SR-16. The property features a very functional clear span warehouse with up to 25-28 ft. in useable height. The large 1.83 acre site provides easy access to the building’s 10 front facing loading docks and ramps. This metal and steel building has 4 large roll up doors and a separate office area with convenient customer and employee parking. This well priced asset offers the savvy investor or owner/occupant the opportunity to extend the current Tenant’s lease for the whole building or purchase an entirety vacant property for their own use or re-tenanting plan.

Investment Highlights

  • EXCELLENT CORE LOCATION: The property is located in the heart of Nalley Valley with immediate access to I-5 and SR-16.
  • HIGH VOLUME LOADING CAPACITY: The building benefits from 10 dock-high areas, 4 roll up doors and a drive in ramp.
  • HEAVY POWER: The building benefits from 500V 3-Phase Power, which provides future users or tenants ample power for a variety of light or heavy industrial uses.
  • INVESTMENT OR OWNER-USER OPPORTUNITY : The current tenant is on a MTM lease and has expressed interest in a multi-year extension for the entire property providing flexibility for the buyer's business plans.
  • RAPID RENTAL GROWTH: Tacoma industrial rental rates have grown exponentially with over 11% increases in 2021 alone.
  • LOW VACANCY SUBMARKET: The immediate Tacoma submarket reports under a 5% vacancy for comparable asset classes.
  • LOCATED IN A TAX-FREE STATE: Washington is an income tax-free state.

Exclusively Listed By

Warehouse

2318 S Tacoma Way

Listing Price: Request For Offer

Gross SF
33,750
Lot Size
1.83 acres
Year Built
1960
Rentable SF
33,750

Investment Highlights

  • EXCELLENT CORE LOCATION: The property is located in the heart of Nalley Valley with immediate access to I-5 and SR-16.
  • HIGH VOLUME LOADING CAPACITY: The building benefits from 10 dock-high areas, 4 roll up doors and a drive in ramp.
  • HEAVY POWER: The building benefits from 500V 3-Phase Power, which provides future users or tenants ample power for a variety of light or heavy industrial uses.
  • INVESTMENT OR OWNER-USER OPPORTUNITY : The current tenant is on a MTM lease and has expressed interest in a multi-year extension for the entire property providing flexibility for the buyer's business plans.
  • RAPID RENTAL GROWTH: Tacoma industrial rental rates have grown exponentially with over 11% increases in 2021 alone.
  • LOW VACANCY SUBMARKET: The immediate Tacoma submarket reports under a 5% vacancy for comparable asset classes.
  • LOCATED IN A TAX-FREE STATE: Washington is an income tax-free state.

Investment Overview

The Leibsohn Group is pleased to present the sale offering for the well located and versatile 2318 South Tacoma Way industrial property. This core warehouse asset is conveniently located along the “Nalley Valley” corridor with close proximity to Tacoma CBD and the Port of Tacoma and great access to I-5 and SR-16. The property features a very functional clear span warehouse with up to 25-28 ft. in useable height. The large 1.83 acre site provides easy access to the building’s 10 front facing loading docks and ramps. This metal and steel building has 4 large roll up doors and a separate office area with convenient customer and employee parking. This well priced asset offers the savvy investor or owner/occupant the opportunity to extend the current Tenant’s lease for the whole building or purchase an entirety vacant property for their own use or re-tenanting plan.

Exclusively Listed By

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