6303 Rich Rd SE - Distribution FOR SALE


Olympia, WA 98501- South Olympia
$13,050,000 USD
253-334-3761
6303 Rich Rd SE, Olympia, WA for Sale
$13,050,000 USD
Distribution - FOR SALE
1/5
null | 8.15% Cap Rate

6303 Rich Rd SE
Olympia, WA 98501
South Olympia


HIGHLIGHTS

  • 85% Leased Industrial Park With Strong Leasing Momentum
  • $1.4 Million in Property Renovations and Roof Replacements
  • Management and Leasing Team Available
  • NNN Leases Allow for 100%+ Expense Recapture | $2+ Million in Tax Savings Year One With Bonus Depreciation
  • Annual Rent Increases | Income Tax Free State
  • Proposed Cell Tower Upside | No Industrial Park Competition

OVERVIEW

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale Rainier View Industrial Park, a newly renovated industrial park located in Olympia, WA. The property demonstrates strong operational momentum at 85% leased with sixteen new leases executed in 2024-2025 and multiple leases pending. Over $2M worth of extensive renovations were completed in 2024-2025 and nearly all tenants operate on truly NNN leases with 3%-5% annual rent increases, providing a fully renovated and turnkey property with strong tenant demand and extremely limited competition. An additional benefit, a cost segregation study projects over $2 million in first-year bonus depreciation.

FOR SALE DETAILS

PRICE

$13,050,000 USD

PRICE/SF

$195 USD /SF

CAP RATE

8.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rainier View Industrial Park

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

350

LAND DETAILS

LAND ACRES

6.3

LAND SF

274,428

ZONING

LI

APN/PARCEL ID

11706240105

ASK ABOUT THIS PROPERTY

Dylan WolfMarcus & MillichapMore Info
253-334-3761

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Dylan WolfMarcus & MillichapMore Info
253-334-3761

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