Puyallup IOS - Truck Yard
Industrial | 7.28% CAP
Marketing description
NAI Puget Sound Properties is pleased to present for a sale a 2.41-acre industrial outdoor storage (IOS) site, featuring approximately 85,000 SF of estimated usable yard area, zoned ECOR (Employment Corridor). The property is ideally suited for contractor storage, fleet parking, or a variety of outdoor industrial uses, and presents a compelling opportunity for both investors and owner-users. Two existing tenants — a tire shop and a truck parking operator — are on short-term gross leases generating a current NOI of $152,918 and a 7.28% cap rate, providing immediate cash flow from day one. The supply-constrained South Puget Sound IOS market makes this a rare find, with limited comparable sites available in the region. Located just 6 miles from I-5 and 5 miles from Highway 167, the property offers excellent regional access and visibility.
Investment highlights
+ OWNER-USER OR INVESTMENT OPPORTUNITY: Two existing tenants on short-term leases provide a strong current cashflow and yield of 7%+ for investors, while simultaneously allowing for owner-user buyers to purchase the site the occupy for their operations.
+ FLEXIBLE ECOR ZONING: Employment Corridor zoning allows for a variety of industrial and commercial applications.
+ FUNCTIONAL YARD LAYOUT: Graded, usable site suitable for contractor storage, fleet parking, or outdoor industrial uses
+ SUPPLY CONSTRAINED IOS MARKET: Limited availability of industrial outdoor storage sites in the South Puget Sound region
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