Industrial Land with Single-Tenant NNN
For Sale
Contact for pricing
Pending
37504 Pacific Highway South, Federal Way, WA 98003
Vacant land parcel under a 5-year single-tenant triple net lease, with 6% cap rate noted.
Property Size348,480 SF
Lot Size8.00 Acres
Days on Market125
Property Features for 37504 Pacific Highway South
General Information
Standard status
Pending
Size
348,480 SF
Lot size
8.00 Acres
Property subtype
Industrial
Zoning
RS15.0 | Non Conforming use
Occupancy
100%
Lease Type
NNN
Additional Details
Cap Rate
6%
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
City Closers Real Estate
Listed By:
Kelsey Diller · License #WA
(206) 554-1622
Source:
Crexi
Added: May 7
Changed: Aug 8
Last Checked: Jul 25 at 12:54PM
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 City Closers Real Estate
Investment Insights
Based on property information with market context.
This offering is a rare industrial land parcel totaling approximately 8 acres at 37504 Pacific Highway South in Federal Way, Washington. The property is presented as a single-tenant investment under a 5-year triple net lease, with the terms and 6% cap rate cited in the listing remarks. Title notes a non-conforming commercial use.
The site is described as having strong visibility and a sizable footprint, with regional access intended to support both current income and long-term value creation. Access is restricted: appointments are required to walk the property, open the gate, and view the warehouse. Tours are available for serious buyers only, and current tenant disturbance is requested to be avoided.
The site is described as having strong visibility and a sizable footprint, with regional access intended to support both current income and long-term value creation. Access is restricted: appointments are required to walk the property, open the gate, and view the warehouse. Tours are available for serious buyers only, and current tenant disturbance is requested to be avoided.
Key Highlights
- ±8‑acre vacant land parcel on Pacific Hwy S in Federal Way
- 5‑year single‑tenant triple net lease in place
- 6% cap rate noted in the listing remarks
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98003, WA
51,751
Population
20,380
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
88%
High-School Grad
11.5 sq mi
ZIP Area
4,500
Density / Sq Mi
$70,800
Median Household Income
$39,497
Median Earnings
$1,650
Median Rent
$428,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Glacier West Self Storage — 8025 Pacific Hwy E, Tacoma, WA 98422
- Container Storage Seattle — 85 5th Ave, Milton, WA 98354
Frequently Asked Questions
What type of property is this?
Warehouse - Vacant land parcel under a 5-year single-tenant triple net lease, with 6% cap rate noted.
Where is this warehouse located?
The property is located at 37504 Pacific Highway South Federal Way, WA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: ±8‑acre vacant land parcel on Pacific Hwy S in Federal Way; 5‑year single‑tenant triple net lease in place; 6% cap rate noted in the listing remarks
