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Security Contractor Services 10107 Portland Ave E 905 SF Industrial Building Tacoma, WA 98445 $3,320,000 ($3,668.51/SF) 7% Cap Rate
Investment Highlights
- Irreplaceable Industrial Zoning
- Attractive Industrial Submarket: Vacancy Rate of 0.2%
- Surrounded by Prominent Companies
- Passive NNN Lease
- Annual Rent Increases
- Close Proximity to Major Transportation Nodes
Executive Summary
The Property consists of a ±905 SF office on ±1.66 acres and is leased to Security Contractor Services, Inc. (“SCS” or the “Tenant”). 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 term, providing the investor an average cap rate of over 7.92% through the remainder of the lease term.
In Association With Kevin Adatto, WA Lic #21038208
In Association With Kevin Adatto, WA Lic #21038208
Property Facts
Utilities
- Gas - Natural
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Property Taxes
| Parcel Number | 774500-3011 | Improvements Assessment | $0 |
| Land Assessment | $737,500 | Total Assessment | $737,500 |
Property Taxes
Parcel Number
774500-3011
Land Assessment
$737,500
Improvements Assessment
$0
Total Assessment
$737,500
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Security Contractor Services | 10107 Portland Ave E
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