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Property Details
- Property Type Industrial
- Property Size 26,461 SF
- Lot Size 3.36 Acre
- Cap Rate % 8.25
- NOI / YR $218,355.00
- Date Updated Mar 25, 2025
Great opportunity to acquire a fully leased asset in Tumwater, adjacent to the Olympia Airport, and close to I-5. The property consists of a 9,792 square foot office building and an 11,698 square foot hanger/ warehouse with runway access and is located in a beautiful setting, just off Tumwater Blvd, between I-5 and and Capitol Blvd. Washington State Department of Natural Resources is the tenant in both buildings and has leases running through 2026 & 2028 respectively. Land is leased from the Port Of Olympia through 2044, with four five year extension options.
Reach out to the broker for more info on lease terms and amenities
Getting around
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Location
- City Tumwater, WA
- Neighborhood Olympia Airport
- Zip Code 98501
- Market Seattle
Points of Interest
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Capital Aeroporter Airport Shuttle
3.29 miles
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Olympia-Lacey
5.46 miles
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Shell
0.27 miles
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Chevron
0.35 miles
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Texaco
0.65 miles
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Jorgensen Air Service
0.79 miles
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Airport Fuel Farm
0.84 miles
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Costco Gasoline
1.27 miles
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Fred Meyer
1.42 miles
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Pacific Pride
1.43 miles
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USA Gasoline
1.46 miles
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Tesla Supercharger
2.22 miles
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PROSHINE DETAIL SHOP
0.97 miles
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Tumwater Auto Spa
1.04 miles
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The Wave Car Wash
1.34 miles
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Clean Finish Car Wash
3.60 miles
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Elephant Car Wash
4.22 miles
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Shur-Kleen Car Wash
4.68 miles
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Avis
5.55 miles
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Bay Storage/U-Haul
6.41 miles
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The Wave Carwash
8.50 miles
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Domino's
0.18 miles
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Koibito Sushi Teriyaki
0.28 miles
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Red Wagon
0.29 miles
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Meconi's Italian Subs
0.32 miles
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Pho 111
0.32 miles
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Flaming Pigs BBQ
0.32 miles
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Inferno's Brick Oven Pizza
0.32 miles
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Niko Teriyaki
0.39 miles
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DQ Grill & Chill
0.69 miles
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Eagan's Drive In
0.80 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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