This 100% occupied, four-tenant industrial property presents an opportunity to acquire a high-quality commercial asset at an above market yield. Three of the four tenants operate on full NNN leases with a new lease expansion and extension in the works. Strategically positioned just off the I-5/Hwy-16 interchange — an intersection that sees over 150,000 vehicles per day — the Property sits at the center of Tacoma’s industrial hub, the second-largest submarket in Washington state. Nearby distribution centers are leased to Harbor Freight Tools, IKEA, REI, Costco, Amazon, and Maersk. The area benefits from proximity to the Port of Tacoma, the nation’s fifth-largest container gateway. Industrial vacancy for similar-sized assets in the area is just 1.4%. The facility is equipped with six steel panel dock doors and a new roof over the majority of the structure, installed in 2020. Tenants are responsible for the repair and replacement of the HVAC system and water heating equipment.