7960 Center St SW, Tumwater, WA 98501
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.