Warehouse with Thirty-Foot Clear
For Sale
Contact for pricing
9817 233rd Ave E, Bonney Lake, WA 98391
Class-A industrial warehouse with nine dock-high doors, five grade-level doors, and on-site office space built in 2020.
Property Size87,458 SF
Price / SF$217.19
Days on Market82
Property Features for 9817 233rd Ave E
General Information
Standard status
Active
Size
87,458 SF
Class
Class A
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
30 ft
Office Build-Out
5,056 SF
Dock-High Doors
9
Drive-In Doors
5
Power
3,000 amps
Sprinkler System
Yes
Building Details
Year Built
2020
Construction
concrete
Listing Agency:
Kidder Mathews
(253) 722-1458
Listed By:
Kraig Heeter · License #127920
(206) 948-1283
Source:
Moodyscre
Added: May 11
Changed: Jul 31
Last Checked: Jul 31 at 6:19AM
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.
Fennel Creek II is a Class-A industrial warehouse built in 2020, designed for distribution, manufacturing, or logistics operations. The suite includes 30-foot clear heights, nine dock-high doors, and five grade-level doors, with 5,056 square feet of Class-A office space. ESFR sprinklers and quality concrete construction support efficient warehouse operations, complemented by 3,000 amps of power. The site is fully fenced and secure.
The property is located directly off Highway 410 in Bonney Lake, with regional connectivity via SR-167 and Highway 18, plus convenient access to the Port of Tacoma and Seattle-Tacoma International Airport.
Fennel Creek Industrial Park offers a layout and infrastructure set up for modern industrial users needing both functional warehouse space and dedicated office space for operations and management.
The property is located directly off Highway 410 in Bonney Lake, with regional connectivity via SR-167 and Highway 18, plus convenient access to the Port of Tacoma and Seattle-Tacoma International Airport.
Fennel Creek Industrial Park offers a layout and infrastructure set up for modern industrial users needing both functional warehouse space and dedicated office space for operations and management.
Key Highlights
- 30‑foot clear heights for distribution, manufacturing, or logistics
- Nine dock‑high doors plus five grade‑level doors
- 5,056 square feet of Class‑A office space
Financial Insights For Office B
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 | $1.92M | $21.96 |
| − Vacancy | −$268.9k | −$3.07 |
| EGI | $1.65M | $18.89 |
| − OpEx | −$412.9k | −$4.72 |
| NOI | $1.24M | $14.16 |
87,458 SF · lease $21.96/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$17.70M
$15.48M – $20.65M
NOI $1,238,773 @ 7.0% cap · market cap 6.52%
Second Best
Warehouse
$15.26M
$13.35M – $17.80M
NOI $1,068,077 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$23.62M
$20.67M – $27.56M
NOI $1,653,502 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
30 ft
Clear height
9
Dock-high doors
5
Drive-in doors
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98391, WA
56,427
Population
20,573
Households
2.7
Avg Household Size
38
Median Age
32%
College-Educated
95%
High-School Grad
38.4 sq mi
ZIP Area
1,469
Density / Sq Mi
$129,233
Median Household Income
$66,861
Median Earnings
$2,178
Median Rent
$578,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- K & M Storage — 22919 WA-410, Bonney Lake, WA 98391
- The Storage — 9804 233rd Ave E, Bonney Lake, WA 98391
Frequently Asked Questions
What type of property is this?
Warehouse - Class-A industrial warehouse with nine dock-high doors, five grade-level doors, and on-site office space built in 2020.
Where is this warehouse located?
The property is located at 9817 233rd Ave E Bonney Lake, WA.
What is the asking price?
The asking price for this property is $18,995,000.
What are key features of this property?
This property features: 30‑foot clear heights for distribution, manufacturing, or logistics; Nine dock‑high doors plus five grade‑level doors; 5,056 square feet of Class‑A office space
