7960 Center StTumwater, WA 98501

For Sale
$6,300,000

Tumwater, WA Warehouse - Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a single-tenant, net-lease warehouse located at 7960 Center St SW, Tumwater, WA 98501. The property boasts a substantial 52,570 square feet of space, situated on a 2.71-acre lot. Built in 2007, this one-story steel-framed warehouse features a 26-28 foot ceiling height, steel siding and roofing, and includes approximately 2,000 square feet of mezzanine space. The building is equipped with six HVAC units, 440 KVA electrical power, and natural gas heat. Ample parking is provided with 90 stalls. The property offers a strong cap rate of 6.84%, generating a net operating income (NOI) of $431,216, with an asking price of $6,300,000 ($119.84/sq ft). The property's tax ID numbers are 39390000100 and 99740331500. This well-maintained warehouse benefits from its location in Thurston County, Washington, known for its stable and growing economy, significantly supported by a substantial government presence. The property presents a compelling investment opportunity due to its strong financial performance and desirable location.

Highlights

  • Exceptional single-tenant, net-lease warehouse investment opportunity.
  • 52,570 square foot building on a 2.71-acre lot in Tumwater, WA.
  • Built in 2007, featuring 26-28 foot ceilings, steel frame, siding, and roofing, plus 2,000 square feet of mezzanine space.
  • 90 parking stalls, six HVAC units, 440 KVA power, and natural gas heat.
  • Strong 6.84% cap rate, $431,216 NOI, $6,300,000 asking price ($119.84/sq ft).

Property Details for 7960 Center St

Property type
Other warehouses, Other industrial properties
Square Feet
52,570 SF
Year Built
2007
Buildings
1
Stories
1
Lot Size (sq. ft)
118,048 SF

Location Insight

City
Tumwater
County
Thurston
State
Washington
Latitude
46.9719575
Longitude
-122.9175298
7960 Center St, Tumwater, Washington

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7960 Center St
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