816 S Spruce St - Warehouse FOR SALE
Burlington, WA 98233 |
816 S Spruce St
Burlington, WA 98233
HIGHLIGHTS
- Strong Corporate Guarantee / Investment Grade Parent Company: SRS Distribution is the fastest growing distributor of building products in the U.S.
- Newly Executed Lease Extension / Annual Rent Increases: SRS Distribution just executed a 5-year lease extension at this location
- Functional Industrial (IOS) Facility / Passive Investment: This functional ±14,400 SF facility is situated on ±2.23 acres of land
- Income Tax Free State / Strategic Location: Washington benefits from no state income tax offering significant financial advantages
- The Home Depot (NYSE: HD) completed the acquisition of SRS Distribution for $18.25B
- Post GMS Inc. acquisition, SRS Distribution will operate a network of 1,200+ locations nationwide with an estimated enterprise value exceeding $23B
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
SRS Distribution (Home Depot)
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1985
UTILITIES
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CLEAR CEILING HT
22 Ft
DOCKS
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DRIVE INS
2
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
P118421,P118422,P72182
