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5212 S Washington St
Tacoma, WA 98409
Industrial Property For Sale
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 Under Contract
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.58% | Year Built | 1998 |
| Property Type | Industrial | Parking Ratio | 2.22/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 22’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 6 |
| Lot Size | 0.67 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 20,176 SF | ||
| Zoning | CIX-STGPD | ||
| Sale Type | Investment |
| Cap Rate | 8.58% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.67 AC |
| Rentable Building Area | 20,176 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
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,081,100 | |
| Land Assessment | $542,100 | Total Assessment | $2,623,200 |
Property Taxes
Parcel Numbers
Land Assessment
$542,100
Improvements Assessment
$2,081,100
Total Assessment
$2,623,200
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