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Infill Industrial Outdoor Storage
Scarce Zoning | Attractive Submarket | NNN Lease
Listing Contacts
License: OK 184615
Active
Asking Price: $3,328,000
Address
10107 Portland Ave E, Tacoma, WA 98445
Show on MapDate Added
Mar 3, 2025
Days on Market
70 days
Time Since Last Update
27 days
Details
Property TypeIndustrial, Mixed Use, Special Purpose
SubtypeFlex, Garage/Parking, Warehouse
Investment TypeNet Lease
Investment Sub TypeNNN
Lease TypeNNN
TenancySingle
Lease Term10 years
Lease Commencement01/15/2024
Lease Expiration12/31/2033
Remaining Term8.6 years
Square Footage905
Cap Rate6.75%
Occupancy100%
NOI$224,521
Units1
Year Renovated2024
ZoningCE - Community Employment / Gravel Use
Lot Size (acres)1.66
Rent Bumps3.5% annual
Ground LeaseNo
OwnershipFee Simple
INTELLIGENCEMarketing Description
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 consists of a ±905 SF office on ±1.66 acres and is leased to Security Contractor Services, Inc. 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. The Property is ideally situated in the heart of Tacoma, WA just 7 miles from the Port of Tacoma, 9 miles from the Pierce County Airport, and 20 miles from the Seattle-Tacoma International Airport.
Investment Highlights
Irreplaceable Industrial Zoning
NNN Lease
Attractive Industrial Submarket
Annual Rent Increases
Surrounded by Prominent Companies
Highly Populated and Affluent Area
Close Proximity to Major Transportation Nodes
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$224,521.00
$18,710.08/mo
Valuation Metrics
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0
DSCR
6.75%
Cap Rate
6.75%
ROI
Property History
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Due Diligence
Listing Contacts
- License: OK 184615
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