1615 Puyallup St, Sumner, WA
72,450 SF warehouse/industrial space for lease in Sumner, WA.
- Added:
- May 21, 2024
- Days on Market:
- 764
- Last Refresh:
- May 20 at 9:16 pm
Property Features for 1615 Puyallup St
General Information
- Standard status
- Active
- Size
- 72,450 SF
- Lot size
- 5.28 Acres
- Property subtype
- INDUSTRIAL
Listing agent Thad Mallory, SIOR (425) 362-1410
Listing office Newmark (425) 362-1410
Listing date May 21, 2024
Source Moodyscre
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 Newmark
HighLights
- 72,450 SF warehouse/industrial space available - an expansive opportunity.
- Located in Sumner, WA.
- Space is for lease.
Overview
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.13M | $15.60 |
| − Vacancy | −$89.3k | −$1.23 |
| EGI | $1.04M | $14.37 |
| − OpEx | −$156.1k | −$2.16 |
| NOI | $884.8k | $12.21 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Owens & Minor - Seattle Distribution Center — 4301 W Valley Hwy E Suite 300, Sumner, WA 98390
- Williams Ave LLC — 1512 Hubbard St, Sumner, WA 98390
Location Insight
- Map
- Local Demand
- City
- Sumner
- County
- Pierce
- State
- Washington
- Longitude
- -122.234
- Latitude
- 47.2137
