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5212 S Washington St 19,853 SF 100% Leased Industrial Building Tacoma, WA 98409 $2,595,000 ($130.71/SF) 8.58% Cap Rate
Investment Highlights
- Strategically located just minutes from I-5, Highway 16, and the Port of Tacoma
- The property's 12 x 14 grade-level doors, 20-foot clear heights, and flexible multi-tenant layout
Executive Summary
The Rainstate Building presents a rare opportunity to acquire a well-positioned small bay industrial asset in the heart of Tacoma's established industrial corridor. With five existing tenants and a clear path to significantly increased income through traditional value-add practices, this 19,853 SF building offers both immediate cash flow and strong value-add upside.
Property Facts
| Price | $2,595,000 | Rentable Building Area | 19,853 SF |
| Price Per SF | $130.71 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1998 |
| Cap Rate | 8.58% | Parking Ratio | 2.22/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 22’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 6 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.67 AC | ||
| Zoning | CIX-STGPD | ||
| Price | $2,595,000 |
| Price Per SF | $130.71 |
| Sale Type | Investment |
| Cap Rate | 8.58% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.67 AC |
| Rentable Building Area | 19,853 SF |
| No. Stories | 1 |
| Year Built | 1998 |
| Parking Ratio | 2.22/1,000 SF |
| Clear Ceiling Height | 22’ |
| No. Drive In / Grade-Level Doors | 6 |
| Opportunity Zone |
Yes |
| Zoning | CIX-STGPD |
Amenities
- Bus Line
- Fenced Lot
- Signage
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 574000-0430 | Improvements Assessment | $2,081,100 |
| Land Assessment | $277,000 | Total Assessment | $2,358,100 |
Property Taxes
Parcel Number
574000-0430
Land Assessment
$277,000
Improvements Assessment
$2,081,100
Total Assessment
$2,358,100
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5212 S Washington St
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