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New Industrial Property Near I-5
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2621 Hogum Bay Road, Lacey, WA 98516

New industrial building completed in 2021, close to I-5.

Space Size93,492 SF
Property Size204,015 SF
Days on Market337

Property Features for 2621 Hogum Bay Road

General Information

Standard status Active
Size 93,492 SF
Property subtype Industrial

Building Details

Building Size 204,015 SF
Year Built 2021

Spaces For Lease

at 2621 Hogum Bay Road Contact us

Lacey Industrial Center

Size
93,492 SF
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: NWC - KV LLC
Listed By: Vanessa Herzog, SIOR, CCIM · License #FA.100041477
Source: Lee-associates
Added: Sep 10, 2025 Changed: Aug 8 Last Checked: Aug 8 at 12:03PM

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 NWC - KV LLC

Investment Insights

Based on property information with market context.

This industrial property features new construction completed in June 2021. It is located approximately 1/2 mile from I-5 at Exit 111 in Lacey, Washington. The property has a size of 204 square feet.

Key Highlights

  • New construction completed in June 2021
  • Conveniently located just 1/2 mile from I‑5 (Exit 111)
  • Year built: 2021

Property Analytics

Current Use

Industrial properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Barber Shop Butcher Pet Grooming Service Tanning 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

416
Businesses Nearby

Demographics for 98516, WA

29,443
Population
11,600
Households
2.5
Avg Household Size
38
Median Age
37%
College-Educated
94%
High-School Grad
28.8 sq mi
ZIP Area
1,022
Density / Sq Mi
$92,191
Median Household Income
$52,188
Median Earnings
$1,948
Median Rent
$528,000
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?
Industrial property - New industrial building completed in 2021, close to I-5.
Where is this industrial property located?
The property is located at 2621 Hogum Bay Road Lacey, WA.
What are key features of this property?
This property features: New construction completed in June 2021; Conveniently located just 1/2 mile from I‑5 (Exit 111); Year built: 2021
More about this property
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