Tumwater Warehouse with
For Sale
Contact for pricing
7960 Center St SW, Tumwater, WA 98501
Steel-framed warehouse with mezzanine and ample parking in Tumwater.
Property Size52,570 SF
Lot Size2.80 Acres
Price / SF$119.84
Days on Market2209
Property Features for 7960 Center St SW
General Information
Standard status
Active
Size
52,570 SF
Lot size
2.80 Acres
Property subtype
Industrial
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$431,216
Building Details
Year Built
2007
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Premier Commercial NW
Listed By:
Joni Baker · License #77946
Source:
Crexi
Added: Sep 23, 2020
Changed: Oct 10
Last Checked: Oct 9 at 4:51PM
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 Premier Commercial NW
Investment Insights
Based on property information with market context.
This property features a 52,000 square foot steel-framed warehouse with a 2,000 square foot interior second-floor mezzanine. Constructed in 2008, the building includes steel siding, steel roofing, and concrete floors. The facility is insulated and equipped with 6 HVAC units, 440 KVA of electrical power, and natural gas heat in the warehouse area. There are 90 parking stalls available. The property is situated on 2.8 acres of leased land, which is approximately 121,968 square feet. The interior has been newly finished to create a retail environment for the public. Located in Thurston County, the property benefits from a strong regional economy supported by a stable workforce, with 50% employed by the government.
Key Highlights
- 52,000 Sq Ft Steel Framed Warehouse with 2,000 Sq Ft Mezzanine
- 2.8 Acres (121,968 Sq Ft) of Leased Land
- Built in 2008 with Steel Frame, Walls, and Roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$517,404
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,348,080
$10.3M
Cap Rate 7%
$7,391,486
$7.4M
Cap Rate 9%
$5,748,933
$5.7M
Market Conditions
NOI Build-Up for 52,570 SF
Gross rent
$643.5K $12.24/SF
− Vacancy
−$34.7K −$0.66/SF
EGI
$608.7K $11.58/SF
− OpEx
−$91.3K −$1.74/SF
NOI
$517.4K $9.84/SF
Area
Thurston County, WA
Vacancy
5.40%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,348,080
Cap Rate 7%
$7,391,486
Cap Rate 9%
$5,748,933
Alternative Uses
Best Use
Warehouse
$7.39M
$6.47M – $8.62M
NOI $517,404 @ 7.0% cap · market cap 8.21%
Second Best
Industrial
$6.09M
$5.33M – $7.11M
NOI $426,548 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$15.39M
$13.47M – $17.96M
NOI $1,077,475 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98501, WA
45,274
Population
19,969
Households
2.3
Avg Household Size
40
Median Age
48%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,297
Density / Sq Mi
$95,695
Median Household Income
$55,909
Median Earnings
$1,600
Median Rent
$485,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Airport Money Saver — 810 78th Ave SW, Tumwater, WA 98501
Frequently Asked Questions
What type of property is this?
Warehouse - Steel-framed warehouse with mezzanine and ample parking in Tumwater.
Where is this warehouse located?
The property is located at 7960 Center St SW Tumwater, WA.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: 52,000 Sq Ft Steel Framed Warehouse with 2,000 Sq Ft Mezzanine; 2.8 Acres (121,968 Sq Ft) of Leased Land; Built in 2008 with Steel Frame, Walls, and Roof
