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Office Warehouse

Grays Harbor Industrial Building

2600 Bay Ave, Hoquiam, WA 98550

Listing Price: $2,300,000

Cap Rate
8.48%
Gross SF
51,328
Price/Gross SF
$44.81
Lot Size
2.05 acres
Year Built
1978
Rentable SF
51,328

Investment Overview

The Hefner Team of Marcus & Millichap is pleased to present exclusively for sale or lease, 2600 Bay Avenue in Hoquiam, Washington. The 2.05-acre property, zoned for general commercial use, has a dedicated rail spur, and is located on Bay Avenue in a highly trafficked,
high visibility area. The property is surrounded by a variety of commercial and residential users, and just minutes from both downtown Hoquiam and downtown Aberdeen. The area has a very limited supply of industrial buildings of this size, and the 51,328 square foot building has heavy power, high ceilings, multiple loading docks, and a roll up grade level door.

The Industrial building opportunity at 2600 Bay Avenue provides the future owner of this asset excellent proximity to Port of Grays Harbor amenities. The Port of Grays Harbor (https://www.agp.com/press_release/agp-announces-expansion-of-port-facility/) operates seven lines
of business including 4 deep-water marine terminals with dual class 1 rail service. The Port of Grays Harbor is Washington state’s number
one (#1) commercial seafood landing port and directly supports more than 2,700 jobs within the local community. The Port prides itself on providing road, rail, air, and deep-water marine services to connect businesses with local operations to their customers. The 2600 Bay
Avenue building gives the future owner of this asset the opportunity to operate amongst more than 100 businesses that operate within the
port and its facilities.

In 2024, greater than $8B in total economic activity in the United States will be related to the cargo activity moving via the Port of Grays
Harbor (https://www.portofgraysharbor.com/). This activity is largely based around the import and export of vehicles, grains, forest products, seafood, etc.

Currently set up for manufacturing and industrial storage, the 2600 Bay Avenue building is a potential candidate for conversion to self-storage or other industrial use. Buyer to perform all due diligence.

Investment Highlights

  • 51,328 square feet, rail served, warehouse in Hoquiam Washington
  • 2.05-Acre lot on Bay Avenue near Hwy 101
  • 24-ft clear height in warehouse (30' in the buildings center)
  • 4 dock doors (including 2 rail spur) and 1 grade level door
  • Metal construction with metal roof and TPO overlay
  • Recently installed backflow system

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Financing By

Office Warehouse

Grays Harbor Industrial Building

Listing Price: $2,300,000

Cap Rate
8.48%
Gross SF
51,328
Price/Gross SF
$44.81
Lot Size
2.05 acres
Year Built
1978
Rentable SF
51,328

Investment Highlights

  • 51,328 square feet, rail served, warehouse in Hoquiam Washington
  • 2.05-Acre lot on Bay Avenue near Hwy 101
  • 24-ft clear height in warehouse (30' in the buildings center)
  • 4 dock doors (including 2 rail spur) and 1 grade level door
  • Metal construction with metal roof and TPO overlay
  • Recently installed backflow system

Investment Overview

The Hefner Team of Marcus & Millichap is pleased to present exclusively for sale or lease, 2600 Bay Avenue in Hoquiam, Washington. The 2.05-acre property, zoned for general commercial use, has a dedicated rail spur, and is located on Bay Avenue in a highly trafficked, high visibility area. The property is surrounded by a variety of commercial and residential users, and just minutes from both downtown Hoquiam and downtown Aberdeen. The area has a very limited supply of industrial buildings of this size, and the 51,328 square foot building has heavy power, high ceilings, multiple loading docks, and a roll up grade level door. The Industrial building opportunity at 2600 Bay Avenue provides the future owner of this asset excellent proximity to Port of Grays Harbor amenities. The Port of Grays Harbor (https://www.agp.com/press_release/agp-announces-expansion-of-port-facility/) operates seven lines of business including 4 deep-water marine terminals with dual class 1 rail service. The Port of Grays Harbor is Washington state’s number one (#1) commercial seafood landing port and directly supports more than 2,700 jobs within the local community. The Port prides itself on providing road, rail, air, and deep-water marine services to connect businesses with local operations to their customers. The 2600 Bay Avenue building gives the future owner of this asset the opportunity to operate amongst more than 100 businesses that operate within the port and its facilities. In 2024, greater than $8B in total economic activity in the United States will be related to the cargo activity moving via the Port of Grays Harbor (https://www.portofgraysharbor.com/). This activity is largely based around the import and export of vehicles, grains, forest products, seafood, etc. Currently set up for manufacturing and industrial storage, the 2600 Bay Avenue building is a potential candidate for conversion to self-storage or other industrial use. Buyer to perform all due diligence.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

Financing By

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