$6,480,000
The Arts Park
Listing Type: For Sale
Property Type: Industrial
Status: Pending
CBA ID#: 675288
6221 - 6305 Rich Rd SE
Olympia, WA 98501

View Map
Commercial Property

Marketing Description:

We are pleased to present the sale offering for The Arts Park, a well-located and versatile industrial business park in Olympia, WA. Located at 6305 Rich Road SE, Olympia, the park benefits from being the only Light Industrial zoned property in a highly residential area, making it a compelling location for local businesses that cater to suburban living. The versatile metal buildings cater to a diverse range of tenant needs, from cold storage to custom art. With a variety of suite sizes and configurations, the park lends itself well to startups looking to grow as well as established businesses.The average effective rent at The Arts Park isapproximately 30% below market. With all but onelease being month-to-month, there is an extremelyunique opportunity to implement a value-add strategy

Land Features:

  • Lot Size: 255262 SqFt
  • Lot Acreage: 5.86 Acres

Building Features:

  • Building Size: 63500 SqFt
  • Number of Floors: 1
  • Cap Rate: 0.00%
  • Year Built: 1971
This Listing Supplied Courtesy of Marcus & Millichap, Inc.
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
Equal Housing Opportunity