Industrial Land with Single-Tenant NNN
37504 Pacific Highway South Federal Way, WA 98003
For Sale
Contact for pricing
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
Price / SF$7.75
Days on Market78
Property Features for 37504 Pacific Highway South
General Information
- Standard status
- Active
- Size
- 348,480 SF
- Lot size
- 8.00 Acres
- Property subtype
- Retail
Listing Agency:
City Closers Real Estate
(206) 554-1622
Listed By:
Kelsey Diller · License #WA
Source:
Crexi
Added: May 7
Changed: Jul 23
Last Checked: Jul 23 at 11:18AM
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
Location Intelligence
Current Use by Public Records
Warehouses
Similar Off Market Nearby
- Glacier West Self Storage — 8025 Pacific Hwy E, Tacoma, WA 98422
- Container Storage Seattle — 85 5th Ave, Milton, WA 98354
FAQs
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
