Flex Space Building with Gated
For Sale
Contact for pricing
3305 108th St S, Lakewood, WA 98499
Concrete tilt flex building with wet sprinkler system, three-phase power, and gated yard with concrete truck and parking areas.
Property Size36,808 SF
Price / SF$295.04
Days on Market182
Property Features for 3305 108th St S
General Information
Standard status
Active
Size
36,808 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Voltage
208 V
Three-Phase Power
Yes
Sprinkler System
Yes
Building Details
Buildings
1
Construction
tilt-up concrete
Listing Agency:
Lee & Associates Commercial Real Estate Services
(253) 383-8382
Listed By:
Vanessa Herzog, SIOR, CCIM
(253) 279-7831
Source:
Moodyscre
Added: Apr 30
Changed: Oct 25
Last Checked: Oct 28 at 5:05AM
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 Lee & Associates Commercial Real Estate Services
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Investment Insights
Based on property information with market context.
Flex space building offering either the entire facility or three smaller suites, with interior demising walls supporting single occupancy or suite-level leasing. The warehouse is constructed with concrete tilt-up and includes a wet sprinkler system, three-phase power (120/208 volt), and concrete surface areas in the truck and parking zones. Exterior improvements include new exterior paint and a new roof. The site is fully fenced and gated with three gates.
Suite configurations include Suite 101 with 9,202 SF shell plus 560 SF office and 560 SF mezzanine; Suite 102 with 9,202 SF shell plus 1,200 SF office and 1,192 SF mezzanine; and Suite 103 with 18,404 SF shell plus 1,220 SF office and 1,192 SF mezzanine. Convenient access is provided to I-5 and SR 512. The property is located in Lakewood, WA.
This setup can support tenants seeking either a larger consolidated footprint or smaller, independently demised space within the same secured facility.
Suite configurations include Suite 101 with 9,202 SF shell plus 560 SF office and 560 SF mezzanine; Suite 102 with 9,202 SF shell plus 1,200 SF office and 1,192 SF mezzanine; and Suite 103 with 18,404 SF shell plus 1,220 SF office and 1,192 SF mezzanine. Convenient access is provided to I-5 and SR 512. The property is located in Lakewood, WA.
This setup can support tenants seeking either a larger consolidated footprint or smaller, independently demised space within the same secured facility.
Key Highlights
- Entire building or three demised suites with interior demising walls
- Wet sprinkler system and three‑phase power (120/208 volt)
- Concrete tilt‑up construction plus concrete surface in truck and parking areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$449,516
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,990,320
$9.0M
Cap Rate 7%
$6,421,657
$6.4M
Cap Rate 9%
$4,994,622
$5.0M
Market Conditions
NOI Build-Up for 36,808 SF
Gross rent
$574.2K $15.60/SF
− Vacancy
−$45.4K −$1.23/SF
EGI
$528.8K $14.37/SF
− OpEx
−$79.3K −$2.16/SF
NOI
$449.5K $12.21/SF
Area
Pierce County, WA
Vacancy
7.90%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,990,320
Cap Rate 7%
$6,421,657
Cap Rate 9%
$4,994,622
Alternative Uses
Best Use
Warehouse
$6.42M
$5.62M – $7.49M
NOI $449,516 @ 7.0% cap · market cap 4.14%
Second Best
Industrial
$5.29M
$4.63M – $6.17M
NOI $370,190 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$9.94M
$8.70M – $11.60M
NOI $695,901 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Juanderfull Edibles L.L.C — 2100 112th St S L8, Tacoma, WA 98444
Frequently Asked Questions
What type of property is this?
Flex space - Concrete tilt flex building with wet sprinkler system, three-phase power, and gated yard with concrete truck and parking areas.
Where is this flex space located?
The property is located at 3305 108th St S Lakewood, WA.
What is the asking price?
The asking price for this property is $10,860,000.
What are key features of this property?
This property features: Entire building or three demised suites with interior demising walls; Wet sprinkler system and three‑phase power (120/208 volt); Concrete tilt‑up construction plus concrete surface in truck and parking areas
