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Build-to-Suit Distribution Center
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4901 123rd St SW, Lakewood, WA 98499

New industrial distribution facility with reinforced construction, high-clearance storage, and immediate interstate access.

Space Size135,791 SF
Property Size140,067 SF
Days on Market1222

Property Features for 4901 123rd St SW

General Information

Standard status Active
Size 135,791 SF
Net Rentable 135,496 SF
Property subtype Industrial

Space & Availability

Available Space 135,496 SF
Contiguous Space 135,496 SF
Available From 2024-04

Warehouse & Industrial

Clear Height 32 ft
Trailer Parking 64
Three-Phase Power Yes
Sprinkler System Yes

Additional Details

Highway Access Yes

Building Details

Building Size 140,067 SF
Year Built 2024
Tenancy Multiple
Construction tilt-up concrete

Spaces For Lease

at 4901 123rd St SW Contact us

Available Space

Size
135,791 SF
Type
Industrial
Lease Type
NNN
Availability
Active
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Listing Agency: Kidder Mathews Tacoma
Listed By: Ty Clarke · License #WA
Source: Crexi
Added: Apr 28, 2023 Changed: Aug 30 Last Checked: Aug 30 at 11:02PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews Tacoma

Investment Insights

Based on property information with market context.

A 135,496-square-foot distribution facility is scheduled for delivery in Q2 2024. The building will feature concrete tilt-up construction, a reinforced slab, three-phase power, and ESFR fire protection. With 32-foot clear height and 64 trailer parking stalls, the property is configured for substantial logistics and distribution operations.

The facility at 4901 123rd St SW in Lakewood offers immediate access to I-5 and is approximately 3 minutes from SR-512. The build-to-suit format and industrial improvements provide a purpose-built setting for users requiring warehouse capacity, trailer storage, and modern building systems.

Key Highlights

  • 135,496 square feet of distribution space
  • Scheduled for delivery in Q2 2024
  • Concrete tilt‑up construction with reinforced slab

Property Analytics

Current Use

Distribution centers

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Law Firm Real Estate Agency Building Supply HVAC Service

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

32 ft
Clear height
Yes
Sprinkler system
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

670
Businesses Nearby

Demographics for 98499, WA

33,188
Population
14,683
Households
2.3
Avg Household Size
35
Median Age
19%
College-Educated
85%
High-School Grad
8.8 sq mi
ZIP Area
3,771
Density / Sq Mi
$65,000
Median Household Income
$41,345
Median Earnings
$1,445
Median Rent
$370,000
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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Frequently Asked Questions

What type of property is this?
Distribution center - New industrial distribution facility with reinforced construction, high-clearance storage, and immediate interstate access.
Where is this distribution center located?
The property is located at 4901 123rd St SW Lakewood, WA.
What are key features of this property?
This property features: 135,496 square feet of distribution space; Scheduled for delivery in Q2 2024; Concrete tilt‑up construction with reinforced slab
(253) 722-1422 Call to check price and availability
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