7960 Center St Tumwater, WA 98501
- Commercial land
- 2.71 lot acres
Current Use by Public Records
- Commercial land
Property Details for 7960 Center St
- Lot size
- 2.71 lot acres
- Property type
- Commercial land
- APN
- 3939-00-00100
- APU
- 39390000100
Description
This exceptional investment opportunity presents a single-tenant, net-lease warehouse located at 7960 Center St SW, Tumwater, WA 98501. The property boasts a substantial 52,570 square feet of space, situated on a 2.71-acre lot. Built in 2007, this one-story steel-framed warehouse features a 26-28 foot ceiling height, steel siding and roofing, and includes approximately 2,000 square feet of mezzanine space. The building is equipped with six HVAC units, 440 KVA electrical power, and natural gas heat. Ample parking is provided with 90 stalls. The property offers a strong cap rate of 6.84%, generating a net operating income (NOI) of $431,216, with an asking price of $6,300,000 ($119.84/sq ft). The property's tax ID numbers are 39390000100 and 99740331500. This well-maintained warehouse benefits from its location in Thurston County, Washington, known for its stable and growing economy, significantly supported by a substantial government presence. The property presents a compelling investment opportunity due to its strong financial performance and desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tumwater
- County
- Thurston
- State
- Washington
- Longitude
- -122.918
- Latitude
- 46.9721
- CBSA code
- 36500
- CBSA name
- OLYMPIA, WA METROPOLITAN STATISTICAL AREA
