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1124 Carpenter Rd SE
Lacey, WA 98503 East Olympia

$3,525,000 USD

Auto Repair For Sale  •  19,626 SF

Property Details

• Property Type Auto Repair
• Total Building Size 19,262 SF
• Lot Size 1.17 AC
• Building Class C
• Year Built 1965
• Cap Rate 6.69 %
• Tenancy Single
• Zoning CBD 5

35 Transit Score

72 Walk Score

Highlights

Early Lease Extension | 7 Years of Term Remaining

Attractive 3% Annual Rent Increases

Strong Corporate Guarantee | 800+ Locations Nationwide

Priced Below Replacement Cost | Attractive Price/SF ($183/SF)

Well Maintained Property with Recent Capital Improvements

Strategic Auto-Oriented Corridor | Established Automotive Use

Property Flyers

Gerber Collision & Glass Lacey, WA - OM (1)

Gerber Collision & Glass Lacey, WA - OM (1)

Cap Rate:

6.69 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Gerber Collision & Glass	19,262 SF	3/31/2033

Amenities

• Signage

Public Transportation

Commuter Rail	Drive	Walk	Distance
	12 min	-	5.0 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	66 min	-	45.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	28
Type:	Surface
Included in Rent:	Yes