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Warehouse

10004 Warehouse Building

10004 162nd St Ct E, Puyallup, WA 98375

Listing Price: $3,200,000

Gross SF
17,125
Price/Gross SF
$186.86
Lot Size
1.38 acres
Year Built
1978
Rentable SF
17,125

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 100% fee-simple interest in 10004 Warehouse Building ("Subject Property"), a well-maintained vacant warehouse building steps from SR-161 and the Sunrise Village Shopping Mall. Built in 1978, the Subject Property has been home to numerous businesses such as the original location for Teeter, an industry-leading manufacturer of inversion tables and other spine health solutions. Purchased in 2008 by the current owner, the upstairs office space was converted into a spacious apartment unit. The Subject has been used as a private car collection museum since the current ownership took over. Uniquely located in a low-supply industrial submarket, the Subject sits two blocks from the Pierce County Airport, in the heavily trafficked Sunrise Village shopping area of South Hill, Puyallup. Just minutes away is the booming industrial area of Frederickson, which plays host to the likes of Boeing, Ikea, Best Buy and Whirlpool. This is a rare opportunity to own a free standing industrial building in a market with rapidly rising industrial rental rates due to supply constraint and increasingly high demand.

Investment Highlights

  • Owner-User Or Investment Opportunity
  • Well-Maintained Warehouse With Large Apartment On 2nd Floor & Extra Parking Area
  • Move-In Ready For New Tenant Upon Sale

Exclusively Listed By

Listing Price: $3,200,000

Gross SF
17,125
Price/Gross SF
$186.86
Lot Size
1.38 acres
Year Built
1978
Rentable SF
17,125

Investment Highlights

  • Owner-User Or Investment Opportunity
  • Well-Maintained Warehouse With Large Apartment On 2nd Floor & Extra Parking Area
  • Move-In Ready For New Tenant Upon Sale

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 100% fee-simple interest in 10004 Warehouse Building ("Subject Property"), a well-maintained vacant warehouse building steps from SR-161 and the Sunrise Village Shopping Mall. Built in 1978, the Subject Property has been home to numerous businesses such as the original location for Teeter, an industry-leading manufacturer of inversion tables and other spine health solutions. Purchased in 2008 by the current owner, the upstairs office space was converted into a spacious apartment unit. The Subject has been used as a private car collection museum since the current ownership took over. Uniquely located in a low-supply industrial submarket, the Subject sits two blocks from the Pierce County Airport, in the heavily trafficked Sunrise Village shopping area of South Hill, Puyallup. Just minutes away is the booming industrial area of Frederickson, which plays host to the likes of Boeing, Ikea, Best Buy and Whirlpool. This is a rare opportunity to own a free standing industrial building in a market with rapidly rising industrial rental rates due to supply constraint and increasingly high demand.

Exclusively Listed By

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