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6311 Rich Rd SE
Olympia, WA 98501 South Olympia

$13,050,000 USD

Distribution For Sale  •  66,722 SF

Property Details

  • Property Type Distribution
  • Total Building Size 66,722 SF
  • Lot Size 5.86 AC
  • Building Class B
  • Year Built 1995
  • Cap Rate 6.78 %
  • Tenancy Multiple
  • Zoning LI-C
10 Transit Score
30 Walk Score

Highlights

RARE SUBMARKET MONOPOLY (LI-C ZONING)
CRITICAL SCARCITY | 2.4% SUBMARKET VACANCY
STABILIZED & TURNKEY ASSET
STRATEGIC “CAPTIVE AUDIENCE” LOCATION
DIVERSE INCOME & GRANULAR RISK
IMMEDIATE REALIZABLE UPSIDE

Property Flyers

Cap Rate: 6.78 %

Major Tenants

Tenant SF Occupied Lease End Date
Studio 23 Llc

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
RJ Vara 206-584-6195 Northmarq
RJ Vara 206-584-6195 Northmarq