Olympia, WA Industrial Property For Sale

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Industrial for Sale

Olympia, WA 98506

Terrific opportunity in Olympia. Location is a 10/10! Great visibility on Martin Way E. Property is currently home to Interstate Batteries and CA Nail, both long term tenants. Retail, Office and Industrial Warehouse Buildings provide great flexibility and tenant mix. Don't miss this opportunity!

Industrial for Sale

Olympia, WA 98501

Two warehouses on .82 acre near Martin Way and Lilly. The 5,000 ft warehouse has a 3 year lease for $5000 per month. The 3,000 ft warehouse is on a month to month for $3000 with same tenant. Showings M-W. 9-5. City water & septic

Industrial for Sale

Olympia, WA 98501

We are pleased to present the sale offering for The Arts Park, a well-located and versatile industrial business park in Olympia, WA. Located at 6305 Rich Road SE, Olympia, the park benefits from being the only Light Industrial zoned property in a highly residential area, making it a compelling location for local businesses that cater to suburban living. The versatile metal buildings cater to a diverse range of tenant needs, from cold storage to custom art. With a variety of suite sizes and configurations, the park lends itself well to startups looking to grow as well as established businesses.

The average effective rent at The Arts Park is

approximately 30% below market. With all but one

lease being month-to-month, there is an extremely

unique opportunity to implement a value-add strategy immediately to capture this substantial upside. An incoming investor can achieve an 9.12% cap rate upon completion of raising the month-to-month rents to market and filling the vacant suites.

Priced deeply below replacement cost, The Arts Park presents a compelling opportunity for savvy investors looking to create value through capitalizing on favorable market fundamentals in the local local industrial market.

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