4660 Whitman Ln - Retail FOR SALE


Lacey, WA 98513
$3,300,000 USD
503-200-2061
4660 Whitman Ln, Lacey, WA for Sale
$3,300,000 USD
Retail - FOR SALE
1/4
null | 6.42% Cap Rate

4660 Whitman Ln
Lacey, WA 98513


HIGHLIGHTS

  • Strategically positioned within minutes of Providence St. Peter Hospital, Washington State Government offices, and Sea Mar Community Health Centers.
  • The property utilizes an NNN lease structure, which enables tenants to assume responsibility for nearly all operating expenses.
  • 4660 Whitman Ln SE occupies a prestigious position in Lacey's Rainier Commercial Park, featuring high-visibility frontage on heavily traveled Yelm Hwy
  • Located within Lacey's established commercial district alongside Lowe's, major retail anchors, and the rapidly expanding Lacey Corporate Market.

OVERVIEW

We are pleased to present for sale LACEY RETAIL CENTER, a premier freestanding retail building located in Lacey, Washington (Population 53,526) within the thriving Olympia-Lacey-Tumwater Metropolitan Area. This 11,502 SF professional-grade property sits on a 1.05-acre lot with 27 parking spaces and was built in 1998. Strategically positioned in Lacey's prestigious Rainier Commercial Park with high-visibility frontage on heavily traveled Yelm Highway, the property offers exceptional exposure in one of Thurston County's most active commercial corridors. Located within minutes of Providence St. Peter Hospital, Washington State Government offices, and Sea Mar Community Health Centers, the property benefits from consistent demand driven by over 25,000 healthcare professionals and government contractors employed by these recession-resistant anchor institutions. The property is co-located alongside Lowe's, major retail anchors, and the rapidly expanding Lacey Corporate Center, creating a proven business ecosystem with superior regional connectivity via Interstate 5 and proximity to Joint Base Lewis-McHord. This represents an outstanding opportunity for investors seeking stable income with minimal management. The triple-net lease structure transfers nearly all operating expenses—including property taxes, insurance, and maintenance—to tenants, ensuring predictable cash flow with a current Net Operating Income of $200,607. Combined with professional-grade infrastructure, flexible retail configurations, and strategic positioning within a recession-resistant professional corridor, 4660 Whitman Ln SE is a compelling acquisition in one of Washington's most resilient commercial markets.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$287 USD /SF

CAP RATE

6.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lacey Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

C

APN/PARCEL ID

70220000400

ASK ABOUT THIS PROPERTY

Joseph DabushMarcus & MillichapMore Info
503-200-2061

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Joseph DabushMarcus & MillichapMore Info
503-200-2061

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