Building Details

Tenancy Multi

Listing Agency: Fulcrum Pacific

Listed By: Nick Bushong · License #OR 201209786

Source: Crexi

Added: Apr 11 Changed: Jul 21 Last Checked: Jul 23 at 5:07AM

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Investment Insights

Based on property information with market context.

The multi-tenant industrial facility at 136 Stewart Road SE in Pacific, WA offers multiple warehouse units with leases structured on a month-to-month basis. The property has a long-term history of occupancy.

The site is located off Highway 167 and is presented for sale with a recent clean Phase II environmental report. Remarks also note an in-place 7.02% cap rate and a bank-ordered appraisal at list price.

For additional details, contact Nicholas Bushong.

Key Highlights

• Multi‑tenant industrial facility at 136 Stewart Road SE in Pacific, WA, located off Highway 167.
• Month‑to‑month lease structure across tenants.
• In‑place 7.02% cap rate mentioned, with stated potential to increase returns by increasing rents.

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Spa & Massage Center Electrical Service Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

289

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 98047, WA

6,966

Population

2,389

Households

2.9

Avg Household Size

34

Median Age

18%

College-Educated

89%

High-School Grad

2.1 sq mi

ZIP Area

3,317

Density / Sq Mi

$102,723

Median Household Income

$49,360

Median Earnings

$1,728

Median Rent

$431,300

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Similar Off Market Nearby

• ABC Mini Storage — 1264 Valentine Ave SE, Pacific, WA 98047

Frequently Asked Questions

What type of property is this?

Warehouse - Multi-tenant industrial facility off Highway 167 with month-to-month leases and a recent clean Phase II report.

Where is this warehouse located?

The property is located at 136 Stewart Rd SE Pacific, WA.

What are key features of this property?

This property features: Multi‑tenant industrial facility at 136 Stewart Road SE in Pacific, WA, located off Highway 167.; Month‑to‑month lease structure across tenants.; In‑place 7.02% cap rate mentioned, with stated potential to increase returns by increasing rents.