4200 Capitol Blvd SE - Flex FOR SALE


Tumwater, WA 98501
$12,980,000 USD
206-693-3329
4200 Capitol Blvd SE, Tumwater, WA for Sale
$12,980,000 USD
Flex - FOR SALE
1/4
null | 6.25% Cap Rate

4200 Capitol Blvd SE
Tumwater, WA 98501


HIGHLIGHTS

  • Anchored by South Puget Sound Community College (SSCC) – a state-funded institution
  • Co-tenanted by Heritage Distilling Co. (NASDAQ: CASK) – a publicly traded, award-winning craft spirits company
  • Over $7 million in tenant-funded improvements between the two suites
  • Passive lease structures with built-in rent escalations for both tenants
  • Located within the Tumwater Craft District, a growing live-work-play hub supported by the City of Tumwater
  • High-visibility location on Capitol Blvd with direct I-5 access (112,000 VPD)

OVERVIEW

The Offering presents a unique opportunity to acquire the South Sound Community College Building at the Tumwater Craft District in Tumwater, WA. The Property is a brand-new construction building fully leased to the Heritage Distilling Company (NASDAQ: CASK) and the South Puget Sound Community College (SPSCC) by and through the State of Washington, which occupies 70% of the GLA. The Property forms the foundation of what will become one of the South Sound’s highest-quality commercial and entertainment destinations.

FOR SALE DETAILS

PRICE

$12,980,000 USD

PRICE/SF

$308 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

South Sound Community College Building

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

217

LAND DETAILS

LAND ACRES

1.38

LAND SF

59,902

ZONING

BD

APN/PARCEL ID

33870000506

ASK ABOUT THIS PROPERTY

Joe DugoniNorthmarqMore Info
206-693-3329

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Joe DugoniNorthmarqMore Info
206-693-3329

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.