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2940 S M St
Tacoma, WA 98409

Industrial Property For Sale

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Investment Highlights

Five tenant spaces with grade-level doors
Close proximity to major hubs like Port of Tacoma, Kent Industrial Valley, and Port of Seattle

Convenient access to Interstate 5 and Hwy 16 interchanges

Executive Summary

Introducing M STREET INDUSTRIAL PARK, located at 2940 S M Street in Tacoma, WA—an exceptional investment opportunity in the bustling Nalley Valley industrial area. This property features a total of 23,500 SF spread across two buildings on 1.55 acres of land. The M1 and M2-STGPD Industrial zoning permits various uses, including i502 cannabis operations. We are 100% leased but have a space coming available in January that could be occupied by an owner-user. Inquire for more details.

PROPERTY FACTS

Sale Type	Investment or Owner User	Year Built	2000
Cap Rate	6.75%	Parking Ratio	1.66/1,000 SF
Property Type	Industrial	Clear Ceiling Height	21 ft
Property Subtype	Warehouse	No. Dock-High Doors/Loading	6
Building Class	C	No. Drive In / Grade-Level Doors	4
Rentable Building Area	23,500 SF	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
No. Stories	1

Sale Type	Investment or Owner User
Cap Rate	6.75%
Property Type	Industrial
Property Subtype	Warehouse
Building Class	C
Rentable Building Area	23,500 SF
No. Stories	1
Year Built	2000
Parking Ratio	1.66/1,000 SF
Clear Ceiling Height	21 ft
No. Dock-High Doors/Loading	6
No. Drive In / Grade-Level Doors	4
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

Fenced Lot

Water - City Water
Sewer - City Sewer
Heating - Gas

PROPERTY TAXES

Parcel Numbers	Multiple 655000-0320 032008-4097	Improvements Assessment	$2,774,772 CAD
Land Assessment	$1,446,385 CAD	Total Assessment	$4,221,157 CAD

PROPERTY TAXES

Parcel Numbers

Multiple

655000-0320
032008-4097

Land Assessment

$1,446,385 CAD

Improvements Assessment

$2,774,772 CAD

Total Assessment

$4,221,157 CAD

zoning

Zoning Code	M-2 (M1 and M2-STGPD Industrial zoning permits various uses, including i502 cannabis operations.)
M-2 (M1 and M2-STGPD Industrial zoning permits various uses, including i502 cannabis operations.)

Listing ID: 33274180
Date on Market: 2024-09-23
Last Updated:
Address: 2940 S M St, Tacoma, WA 98409

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