Listing Agency: NAI Puget Sound Properties Show Phone

Listed By: Arie Salomon, SIOR, CCIM Show Phone

Source: Moodyscre

Added: Jan 31, 2023 Changed: Sep 10 Last Checked: Sep 13 at 8:38AM

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Investment Insights

Based on property information with market context.

This offering includes multiple warehouse build configurations on a 19.74-acre site, with the ability to fence and secure the entire property. Options include a 93,600 SF building with 32' clear height, as well as alternative sizes and acreages that preserve the 32' clear height range. Each option is described as having 6-inch concrete slab and an ESFR sprinkler system, along with LEED certification.

The property is noted for highway visibility from Highway 18.

Building grid information provided includes typical 52' x 60' column spacing, and each option includes configurations of dock-high and grade-level doors (as listed in the respective option descriptions). Owner/user sale may be considered, and available for lease.

Key Highlights

• Fenceable 19.74‑acre site with ability to secure the entire property
• Warehouse options up to 93,600 SF with 32' clear height and ESFR sprinkler system
• 6‑inch concrete slab included

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Parking Lot & Garage Hotel & Motel Auto Parts Store Electrical 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

Location Intelligence

Trade Area within ½ mile

682

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 98042, WA

49,031

Population

17,365

Households

2.8

Avg Household Size

39

Median Age

34%

College-Educated

93%

High-School Grad

27.8 sq mi

ZIP Area

1,764

Density / Sq Mi

$125,554

Median Household Income

$59,882

Median Earnings

$2,121

Median Rent

$613,000

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

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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• Julie Portal Self Storage Facility — Parking lot, Covington, WA 98042

Frequently Asked Questions

What type of property is this?

Warehouse - Warehouse options include 32' clear height, ESFR sprinklers, and a 6-inch concrete slab on a fenceable 19.74-acre site.

Where is this warehouse located?

The property is located at 27631 Covington Way SE Covington, WA.

What are key features of this property?

This property features: Fenceable 19.74‑acre site with ability to secure the entire property; Warehouse options up to 93,600 SF with 32' clear height and ESFR sprinkler system; 6‑inch concrete slab included