Home Commercial Lakewood Industrial Asset Trades for $5.55MM

Lakewood Industrial Asset Trades for $5.55MM

Marcus & Millichap, Lakewood, Windmill Warehouse Park, Joint Base Lewis McChord
Courtesy of Marcus & Millichap

LAKEWOOD, WA, December 15, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Windmill Warehouse Park, a 59,400 square foot industrial park located in Lakewood, WA, according to Joel Andrew Deis, regional manager of the firm’s Seattle office. The asset sold for $5,550,000.

Matthew Herman and Stren R. Lea, investment specialists in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.   

Windmill Warehouse Park is located at 2624 112th St S in Lakewood, WA.  Built in 1997, this five building industrial property is 100% leased to a mix of specialty supply, automotive service, and logistics businesses and offers convenient access to Interstate 5. The property is located in the Joint Base Lewis McChord runway clear zone and is targeted for eventual acquisition via eminent domain by the City of Lakewood. 

About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors.