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Rainier View Industrial Park

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Rainier View Industrial Park

6221 6311 Rich Rd SE, Olympia, WA 98501
Industrial For Sale Available Built 1971 1 floors Zoning: LI-C
Asking Price
$13,050,000
Total Building66,752 SF
Land249,163 SF land
MarketOlympia
CountyThurston

Read Overview
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Overview

Property ID
298179
Listing ID
705954
Type
Industrial
Asset Class
Industrial
Zoning
LI-C

Description

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.

Listing Courtesy of:

CB
Clayton Brown
Marcus & Millichap, Inc.
401 Union Street, 32nd fl,
Seattle, WA 98101
State: WA City: Olympia ZIP: 98501 Type: For Sale

Commercial Listings
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.