Auction - 105K SF Industrial | $2.5M Recent CapEx
STARTING BID $750,000 | 103,023 SF Industrial Building | $2.5M Recent CapEx | AUCTION MAY 4-6
Marketing description
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Northmarq and Marcus & Millichap are pleased to present 2210 South C Street (the “Property”), a rare opportunity to acquire a large-scale industrial/flex building in Tacoma’s urban core with immediate connectivity to the Port of Tacoma, I-5, and Downtown Tacoma. The Property combines functional industrial features, substantial completed capital improvements, and flexible land-use potential, making it well suited for an owner-user, investor, or redevelopment buyer. With strong access, infill positioning, and proximity to major downtown and transit-oriented development activity, the asset offers meaningful upside through repositioning, adaptive reuse, or long-term redevelopment.
Downtown Tacoma benefits from its proximity to one of the Pacific Northwest’s most important logistics hubs, with the Port of Tacoma and The Northwest Seaport Alliance continuing to anchor regional industrial demand and freight activity. Tacoma is strategically positioned for infill industrial and flex users seeking access to port infrastructure, interstate connectivity, and South Sound population centers. Downtown Tacoma offers exposure to a functionally important urban industrial/flex location tied to port commerce, distribution networks, and one of the region’s core employment engines. The surrounding trade area includes approximately ±116,660 residents within a ±3-Mi radius and nearly ±278,000 residents within a ±5-Mi radius, with an average household income of $109,073.
Investment highlights
- STARTING BID $750,000 | 103,023 SF Industrial Building | $2.5M Recent CapEx | 6 Dock High Doors | AUCTION MAY 4-6
- ±103,023 SF industrial/flex asset on a ±1.10-acre site in Tacoma’s downtown core.
- Strategic infill location with immediate access to I-5, Port of Tacoma, Downtown Tacoma, and the supporting industrial, logistics, and last-mile utility.
- Versatile loading configuration featuring 6 dock-high doors, plus ample power for a range of user and redevelopment scenarios.
- Significant capital improvements completed, with ownership investing more than $2.5 million in upgrades including roof work, LED lighting, heaters, exterior paint, door upgrades, and other building improvements.
- Flexible Warehouse Residential (WR) mixed-use zoning profile allowing multifamily, commercial, and industrial uses, creating adaptive reuse and redevelopment potential.
- Compelling repositioning opportunity for industrial, creative office, self-storage, or mixed-use redevelopment in a supply-constrained submarket near major planned developments and Link light rail expansion.
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