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IOS Investment Sale Land Property For Sale in Tacoma, WA

Land Property for Sale in Tacoma, WA

IOS Investment Sale

10107 Portland Ave E, Tacoma, WA 98445, Pierce County
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Price $3,435,000

Listing Information

  • Listing Type Land
  • Sub-Type Contractor Yard
  • Acres 1.66
  • Total SF 72,211
  • Water No
  • Power No
  • Sewer No
Additional Property Details

The property consists of a ±923 SF office situated on ±1.66 acres and is 100% leased to Security Contractor Services, Inc. SCS commenced a 10-year lease in January 2024, providing contractual cash flow through December 2033 with annual rent increases throughout the remaining lease term. The property provides a 7.00% return based on the January 1, 2027 in place NOI of $240,513.The property is strategically located approximately 0.5 miles from SR 512, 4 miles from I-5 and 7 miles from the Port of Tacoma, providing convenient access throughout the greater Puget Sound industrial market. The site is zoned CE (Community Employment) and benefits from an established gravel-surface outdoor storage use. The combination of zoning, existing improvements, site configuration and outdoor storage functionality distinguishes the property within a market where development of comparable IOS facilities has become increasingly difficult.

Property Information

  • Property Type Industrial
  • Year Built/Renovated -
  • Parcel # 7745003011
  • Zoning -

Property Location