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Rainier View Industrial Park 6303 Rich Rd SE 66,752 SF 85% Leased Industrial Building Olympia, WA 98501 $13,050,000 ($195.50/SF) 8.15% Cap Rate
INVESTMENT HIGHLIGHTS
- 85% Leased Industrial Park With Strong Leasing Momentum
- Management and Leasing Team Available
- Annual Rent Increases | Income Tax Free State
- $1.4 Million in Property Renovations and Roof Replacements
- NNN Leases Allow for 100%+ Expense Recapture | $2+ Million in Tax Savings Year One With Bonus Depreciation
- Proposed Cell Tower Upside | No Industrial Park Competition
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $13,050,000 | Lot Size | 6.30 AC |
| Price Per SF | $195.50 | Rentable Building Area | 66,752 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 8.15% | Year Built/Renovated | 1995/2024 |
| Property Type | Industrial | Parking Ratio | 4.67/1,000 SF |
| Property Subtype | Distribution | Clear Ceiling Height | 18’ |
| Building Class | B | ||
| Zoning | LI - Light Industrial | ||
| Price | $13,050,000 |
| Price Per SF | $195.50 |
| Sale Type | Investment NNN |
| Cap Rate | 8.15% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 6.30 AC |
| Rentable Building Area | 66,752 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1995/2024 |
| Parking Ratio | 4.67/1,000 SF |
| Clear Ceiling Height | 18’ |
| Zoning | LI - Light Industrial |
AMENITIES
- Fenced Lot
- Mezzanine
- Property Manager on Site
- Security System
- Signage
- Skylights
- Shallow Bay
- Storage Space
- Monument Signage
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- Spacious Layout: We square feet of versatile industrial space, perfect for manufacturing, storage, or distribution. - Oversize Doors: Two large doors for easy access and loading/unloading of goods. - Power Supply: Plenty of power to support heavy machinery and equipment. - Radiant Heating: Efficient radiant heat system to keep the space comfortable year-round. Availability: - Move-In Ready: Available now for immediate occupancy. Ideal For: - Manufacturing - Warehousing - Distribution - Workshop Additional Details: - Secure location with easy access to major highways. - Ample parking space for employees and deliveries. - Flexible lease terms available. For more information or to schedule a viewing, please contact us. Please let us know the type of business your have and how soon you would like to take possession. Don’t miss out on this exceptional opportunity to elevate your business!
- Spacious Layout: We square feet of versatile industrial space, perfect for manufacturing, storage, or distribution. - Oversize Doors: Two large doors for easy access and loading/unloading of goods. - Power Supply: Plenty of power to support heavy machinery and equipment. - Radiant Heating: Efficient radiant heat system to keep the space comfortable year-round. Availability: - Move-In Ready: Available now for immediate occupancy. Ideal For: - Manufacturing - Warehousing - Distribution - Workshop Additional Details: - Secure location with easy access to major highways. - Ample parking space for employees and deliveries. - Flexible lease terms available. For more information or to schedule a viewing, please contact us. Please let us know the type of business your have and how soon you would like to take possession. Don’t miss out on this exceptional opportunity to elevate your business!
Can be used for retail
Space available for reception
Warehouse space
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 6235 D | 3,500 SF | Industrial | Shell Space | Now |
| 1st Fl - 6303 A | 4,900 SF | Industrial | Shell Space | Now |
| 1st Fl-Ste 6303 D | 1,100 SF | Retail | - | Now |
| 1st Fl-Ste 6303 G | 1,100 SF | Office | Shell Space | Now |
| 1st Fl - 6303 G | 2,534 SF | Industrial | - | Now |
1st Fl - 6235 D
| Size |
| 3,500 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl - 6303 A
| Size |
| 4,900 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste 6303 D
| Size |
| 1,100 SF |
| Space Use |
| Retail |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 6303 G
| Size |
| 1,100 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl - 6303 G
| Size |
| 2,534 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1st Fl - 6235 D
| Size | 3,500 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | Now |
- Spacious Layout: We square feet of versatile industrial space, perfect for manufacturing, storage, or distribution. - Oversize Doors: Two large doors for easy access and loading/unloading of goods. - Power Supply: Plenty of power to support heavy machinery and equipment. - Radiant Heating: Efficient radiant heat system to keep the space comfortable year-round. Availability: - Move-In Ready: Available now for immediate occupancy. Ideal For: - Manufacturing - Warehousing - Distribution - Workshop Additional Details: - Secure location with easy access to major highways. - Ample parking space for employees and deliveries. - Flexible lease terms available. For more information or to schedule a viewing, please contact us. Please let us know the type of business your have and how soon you would like to take possession. Don’t miss out on this exceptional opportunity to elevate your business!
1st Fl - 6303 A
| Size | 4,900 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | Now |
- Spacious Layout: We square feet of versatile industrial space, perfect for manufacturing, storage, or distribution. - Oversize Doors: Two large doors for easy access and loading/unloading of goods. - Power Supply: Plenty of power to support heavy machinery and equipment. - Radiant Heating: Efficient radiant heat system to keep the space comfortable year-round. Availability: - Move-In Ready: Available now for immediate occupancy. Ideal For: - Manufacturing - Warehousing - Distribution - Workshop Additional Details: - Secure location with easy access to major highways. - Ample parking space for employees and deliveries. - Flexible lease terms available. For more information or to schedule a viewing, please contact us. Please let us know the type of business your have and how soon you would like to take possession. Don’t miss out on this exceptional opportunity to elevate your business!
1st Fl-Ste 6303 D
| Size | 1,100 SF |
| Space Use | Retail |
| Condition | - |
| Available | Now |
Can be used for retail
1st Fl-Ste 6303 G
| Size | 1,100 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
Space available for reception
1st Fl - 6303 G
| Size | 2,534 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
Warehouse space
PROPERTY TAXES
| Parcel Number | 11706240105 | Improvements Assessment | $429,300 |
| Land Assessment | $116,100 | Total Assessment | $545,400 |
PROPERTY TAXES
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Rainier View Industrial Park | 6303 Rich Rd SE
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