10107 Portland Ave E - Warehouse FOR SALE


Tacoma, WA 98445- Midland
$3,600,000 USD
918-794-9536
10107 Portland Ave E, Tacoma, WA for Sale
$3,600,000 USD
Warehouse - FOR SALE
1/3
null | 6.25% Cap Rate

10107 Portland Ave E
Tacoma, WA 98445
Midland


HIGHLIGHTS

  • Irreplaceable Industrial Zoning
  • Passive NNN Lease
  • Attractive Industrial Submarket
  • Annual Rent Increases
  • Close Proximity to Major Transportation Nodes

OVERVIEW

Northmarq is pleased to exclusively offer for sale to qualified investors the opportunity to acquire the single-tenant Industrial Outdoor Storage (IOS) facility located at 10107 Portland Ave E, Tacoma (Seattle), WA (the “Property”). The Property consists of a ±905 SF office on ±1.66 acres and is leased to Security Contractor Services, Inc. (“SCS” or the “Tenant”). This Property features a versatile outdoor storage yard in the attractive Seattle-Tacoma market. SCS signed a 10-year lease that commenced in January 2024 with contractual cash flow through December 2033 and 3.5% annual rent increases throughout the base lease term. In Association With Kevin Adatto, WA Lic #21038208

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$3,978 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Industrial Outdoor Storage

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Truck Terminal, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1910

UTILITIES

Gas - Natural

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.66

LAND SF

72,310

ZONING

CE

APN/PARCEL ID

774500-3011

ASK ABOUT THIS PROPERTY

Mark GrossmanNorthmarqMore Info
918-794-9536

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Mark GrossmanNorthmarqMore Info
918-794-9536

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.