CBRE is pleased to present the opportunity to acquire Midway Logistics Center (“The Property”), a 2022-built, Class A industrial building totaling 214,900 SF [1] strategically located midway between Seattle and Portland in Centralia, WA. The Property is 100% net leased to publicly traded multinational steel manufacturer and supplier Ryerson Steel (NYSE: RYI) (Fitch: BB) until August, 2042. Ryerson Steel has an annual revenue of ±$4.5 billion and has been in business since 1842. The Property is mission critical for Ryerson Steel due to its unique specifications, Centralia’s regional distribution location, and the company’s recent $15-$20 million capital investment. The Property boasts a 38’ clear height, a 10” slab, 5,000 amps of power, and a flexible site with the potential for future cross dock or multi-tenant use. Midway Logistics Center is located in supply-constrained Lewis County equidistant between the Seattle and Portland markets, offering access to 7.6 million people within 100 miles. Lewis County’s 1.9% vacancy rate is one of the lowest in the U.S. and is 730 bps and 450 bps tighter than the Seattle and Portland vacancy rates, respectively. [1] Lease was signed for 212,000 SF prior to the building’s completion. Actual building area is 214,900 SF.