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400 Boundary Blvd 65,100 SF Industrial Building Algona, WA 98001 $16,900,000 ($259.60/SF)
Investment Highlights
- Freestanding industrial facility with concrete tilt construction and metal roof.
- Includes dock-high loading and a drive-in door for operational flexibility.
- M1 zoning accommodates a variety of industrial business uses.
- Direct access to SR-167 and SR-18 for regional distribution connectivity.
- Surplus trailer stalls support fleet and logistics requirements
- Convenient access to the Port of Tacoma, Port of Seattle, and SeaTac Airport.
Executive Summary
400 Boundary Blvd presents an opportunity to acquire a freestanding industrial facility in Algona, Washington, a strategically positioned South King County industrial market with direct access to State Route 167 and State Route 18. The property's location provides efficient connectivity to major regional logistics infrastructure, including the Port of Tacoma, Port of Seattle, Seattle-Tacoma International Airport, and the greater Seattle metropolitan area, supporting a wide range of distribution, manufacturing, and warehouse operations.
The facility contains approximately 65,100 square feet and is situated on 5.65 acres with concrete tilt-wall construction and a metal roof. The property includes office space, mezzanine storage, dock-high loading, a drive-in door, and an H3 room within a portion of the warehouse area. The site also benefits from surplus trailer stalls, supporting vehicle storage and operational flexibility. M1 zoning within the City of Algona allows for a variety of industrial uses, enhancing the property's long-term utility and potential occupancy profile.
Its combination of building functionality, site area, and transportation access positions the asset to serve regional distribution networks, manufacturing users, logistics operators, and owner-users seeking proximity to key freight corridors. The property's access to major highways and transportation hubs supports efficient movement of goods throughout the Puget Sound region and beyond, while the trailer parking capacity and loading configuration provide practical advantages for industrial operations.
The facility contains approximately 65,100 square feet and is situated on 5.65 acres with concrete tilt-wall construction and a metal roof. The property includes office space, mezzanine storage, dock-high loading, a drive-in door, and an H3 room within a portion of the warehouse area. The site also benefits from surplus trailer stalls, supporting vehicle storage and operational flexibility. M1 zoning within the City of Algona allows for a variety of industrial uses, enhancing the property's long-term utility and potential occupancy profile.
Its combination of building functionality, site area, and transportation access positions the asset to serve regional distribution networks, manufacturing users, logistics operators, and owner-users seeking proximity to key freight corridors. The property's access to major highways and transportation hubs supports efficient movement of goods throughout the Puget Sound region and beyond, while the trailer parking capacity and loading configuration provide practical advantages for industrial operations.
Property Facts
| Price | $16,900,000 | No. Stories | 1 |
| Price Per SF | $259.60 | Year Built | 1992 |
| Sale Type | Owner User | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.72/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 24’ |
| Building Class | B | No. Dock-High Doors/Loading | 2 |
| Lot Size | 1.68 AC | No. Drive In / Grade-Level Doors | 1 |
| Rentable Building Area | 65,100 SF | ||
| Zoning | M1 - M1 | ||
| Price | $16,900,000 |
| Price Per SF | $259.60 |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.68 AC |
| Rentable Building Area | 65,100 SF |
| No. Stories | 1 |
| Year Built | 1992 |
| Tenancy | Single |
| Parking Ratio | 0.72/1,000 SF |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M1 - M1 |
Amenities
- 24 Hour Access
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $8,942,600 | |
| Land Assessment | $3,248,400 | Total Assessment | $12,191,000 |
Property Taxes
Parcel Numbers
Land Assessment
$3,248,400
Improvements Assessment
$8,942,600
Total Assessment
$12,191,000
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