Two-Building Industrial
4320 Adams St Tacoma, WA 98409
4320 Adams St, Tacoma, WA, 98409
$3,600,000
For Sale
$3,600,000
Two freestanding industrial buildings offer 20-foot clear height, eight grade-level doors, and CIX zoning on nearly an acre.
Property Size19,600 SF
Price / SF$183.67
Days on Market86
Property Features for 4320 Adams St
General Information
- Standard status
- Active
- Size
- 19,600 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1994
Listing agency
KIDDER MATHEWS
(253) 722-1458
Listed by
MATT MCLENNAN · License #127920
Source
Corcoran
Added: Apr 29 Updated: Jul 22 at 2:11PM Checked: Jul 22 at 2:11PM
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 KIDDER MATHEWS
Investment Insights
Based on property information with market context.
South Adams Industrial Campus presents a two-building industrial campus in Tacoma’s South End industrial corridor. The property totals 19,600 square feet across two freestanding buildings and sits on nearly an acre of land, creating a flexible setup for an owner-user or a multi-tenant industrial configuration. Improvements include 20-foot clear heights and eight grade-level doors to support practical loading and light industrial operations.
The campus is located in the City of Tacoma with convenient access to I-5, Highway 16, and the Port of Tacoma. The property is also described as being zoned CIX, which supports a range of light industrial, distribution, and service-oriented uses.
Offered for sale as an industrial campus, the asset’s combination of clear height, grade-level access, and two-building layout is designed to accommodate a variety of warehouse and distribution needs.
The campus is located in the City of Tacoma with convenient access to I-5, Highway 16, and the Port of Tacoma. The property is also described as being zoned CIX, which supports a range of light industrial, distribution, and service-oriented uses.
Offered for sale as an industrial campus, the asset’s combination of clear height, grade-level access, and two-building layout is designed to accommodate a variety of warehouse and distribution needs.
Key Highlights
- 19,600 SF industrial campus with two freestanding buildings on nearly 1 acre in Tacoma
- 20‑foot clear height throughout and eight grade‑level doors for practical loading and throughput
- CIX zoning supports light industrial, distribution, and service‑oriented uses
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $326.9k | $16.68 |
| − Vacancy | −$27.1k | −$1.38 |
| EGI | $299.8k | $15.30 |
| − OpEx | −$45.0k | −$2.29 |
| NOI | $254.8k | $13.00 |
19,600 SF · lease $16.68/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.64M
$3.19M – $4.25M
NOI $254,824 @ 7.0% cap · market cap 7.08%
Second Best
Industrial
$3.00M
$2.62M – $3.50M
NOI $209,855 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$6.02M
$5.27M – $7.03M
NOI $421,714 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Vo Mechanical
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- Daffodil Storage — 3501 S 38th St, Tacoma, WA 98409
- Star Moving Storage — 3688 S Lawrence St, Tacoma, WA 98409
- The Boys Moving Co. — 4707 s junett st, tacoma, wa 98409
FAQs
What type of property is this?
Warehouse - Two freestanding industrial buildings offer 20-foot clear height, eight grade-level doors, and CIX zoning on nearly an acre.
Where is this warehouse located?
The property is located at 4320 Adams St Tacoma, WA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 19,600 SF industrial campus with two freestanding buildings on nearly 1 acre in Tacoma; 20‑foot clear height throughout and eight grade‑level doors for practical loading and throughput; CIX zoning supports light industrial, distribution, and service‑oriented uses
