Office Warehouse
Rainier View Industrial Park | Newly Renovated with Strong Leasing Momentum
6221 Rich Rd SE, Olympia, WA 98501
Listing Price: $13,050,000
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale Rainier View Industrial Park, a newly renovated industrial park located in Olympia, WA. The property demonstrates strong operational momentum at 85% leased with sixteen new leases executed in 2024-2025 and multiple leases pending. Over $2M worth of extensive renovations were completed in 2024-2025 and nearly all tenants operate on truly NNN leases with 3%-5% annual rent increases, providing a fully renovated and turnkey property with strong tenant demand and extremely limited competition. An additional benefit, a cost segregation study projects over $2 million in first-year bonus depreciation.
Rainier View Industrial Park | Newly Renovated with Strong Leasing Momentum
Investment Highlights
- 85% Leased Industrial Park With Strong Leasing Momentum
- No Industrial Park Competition
- $2.0 Million in Property Renovations and Roof Replacements
- NNN Leases Allow for 100%+ Expense Recapture
- 3%-5% Annual Rent Increases w/ Diverse Tenant Mix and Flexible Suite Sizes
- Management and Leasing Team Available
- $2+ Million in Tax Savings Year One With Bonus Depreciation
- High Barrier-To-Entry Market With Low Vacancy and Strong Rent
Exclusively Listed By
Financing By
Office Warehouse
Rainier View Industrial Park | Newly Renovated with Strong Leasing Momentum
Listing Price: $13,050,000
Investment Highlights
- 85% Leased Industrial Park With Strong Leasing Momentum
- No Industrial Park Competition
- $2.0 Million in Property Renovations and Roof Replacements
- NNN Leases Allow for 100%+ Expense Recapture
- 3%-5% Annual Rent Increases w/ Diverse Tenant Mix and Flexible Suite Sizes
- Management and Leasing Team Available
- $2+ Million in Tax Savings Year One With Bonus Depreciation
- High Barrier-To-Entry Market With Low Vacancy and Strong Rent
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale Rainier View Industrial Park, a newly renovated industrial park located in Olympia, WA. The property demonstrates strong operational momentum at 85% leased with sixteen new leases executed in 2024-2025 and multiple leases pending. Over $2M worth of extensive renovations were completed in 2024-2025 and nearly all tenants operate on truly NNN leases with 3%-5% annual rent increases, providing a fully renovated and turnkey property with strong tenant demand and extremely limited competition. An additional benefit, a cost segregation study projects over $2 million in first-year bonus depreciation.
Exclusively Listed By
Financing By
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