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6303 Rich Rd SE
Olympia, WA 98501 South Olympia

$13,050,000 USD

Distribution For Sale  •  66,752 SF

Property Details

  • Property Type Distribution
  • Total Building Size 66,752 SF
  • Lot Size 6.3 AC
  • Building Class B
  • Year Built 1995
  • Cap Rate 8.15 %
  • Tenancy Multiple
  • Zoning LI
0 Transit Score
11 Walk Score

Highlights

85% Leased Industrial Park With Strong Leasing Momentum
$1.4 Million in Property Renovations and Roof Replacements
Management and Leasing Team Available
NNN Leases Allow for 100%+ Expense Recapture | $2+ Million in Tax Savings Year One With Bonus Depreciation
Annual Rent Increases | Income Tax Free State
Proposed Cell Tower Upside | No Industrial Park Competition

Property Flyers

Cap Rate: 8.15 %

Amenities

  • Fenced Lot
  • Mezzanine
  • Property Manager on Site
  • Security System
  • Signage
  • Skylights
  • Shallow Bay
  • Storage Space
  • Monument Signage

Public Transportation

Commuter RailDriveWalkDistance
10 min - 4.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 200
Type: Surface
Included in Rent: No
Dylan Wolf 253-334-3761 Marcus & Millichap
Dylan Wolf 253-334-3761 Marcus & Millichap