Land Property for Sale in Tacoma, WA
IOS Investment Sale
10107 Portland Ave E, Tacoma, WA 98445, Pierce County
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
Property Information
- Property Type Industrial
- Year Built/Renovated -
- Parcel # 7745003011
- Zoning -
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.