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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
Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale Rainier View Industrial Park, a newly renovated industrial park located in Olympia, WA. The property demonstrates strong operational momentum at 85% leased with sixteen new leases executed in 2024-2025 and multiple leases pending. Over $2M worth of extensive renovations were completed in 2024-2025 and nearly all tenants operate on truly NNN leases with 3%-5% annual rent increases, providing a fully renovated and turnkey property with strong tenant demand and extremely limited competition. An additional benefit, a cost segregation study projects over $2 million in first-year bonus depreciation.
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
- 1st Fl - 6303 G
- 2,534 SF
- Industrial
- -
- Now
| 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 - 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 - 6303 G
| Size |
| 2,534 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl - 6235 D
| Size | 3,500 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | Now |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl - 6303 A
| Size | 4,900 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | Now |
1 1
Property Taxes
| Parcel Number | 11706240105 | Improvements Assessment | $315,100 |
| Land Assessment | $316,900 | Total Assessment | $632,000 |
Property Taxes
Parcel Number
11706240105
Land Assessment
$316,900
Improvements Assessment
$315,100
Total Assessment
$632,000
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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Rainier View Industrial Park | 6303 Rich Rd SE
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