Prime Interstate 5 frontage property!
12921 Case Road SW, Olympia, WA 98512
Price:$1,600,000Building Size:1,600 SFPrice/SF:$1,000Property Type:IndustrialProperty Sub-type:Self/ Mini-Storage FacilityAdditional Sub-types:Truck Terminal/ Hub/ Transit
Commercial/ Other (land)
Leased LandProperty Use Type:Net Lease Investment with 4 years left on leaseCommission Split:2%Cap Rate:8%Occupancy:100%Tenancy:SingleLot Size:34.26 ACFeatures:Fenced YardElectricity/PowerFind Out More...
Last Verified 7/14/2010
Listing ID 16321065
Description
34.26 acres in total, with a 9 acre fenced and rocked yard that has been leased to national credit tenant, Mobile Mini, Inc. for storage of cargo containers and modular office buildings.
This site sits 10 seconds off the I-5 offramp at the 95 Maytown Road exit in Olympia, WA. This off ramp is going through a 60+ million dollar widening of I-5, as growth is headed to south Olympia. The 34.26 acres is highly visual from I-5 and offers HUGE upside! Buy it today with the lease in place, and watch your value jump up through time. Land sitting at I-5 off ramps is getting near impossible to find. Please call with any questions. Joe (408) 314-7262
Financial SummaryActualNet Operating Income$135,660
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