Property Details

1124 Carpenter Road SE

Lacey, WA 98503

$3,525,000

Available

CBA# 710362 courtesy of CBA Listing firm: Marcus & Millichap, Inc.

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I’d like more information about 1124 Carpenter Road SE, Lacey, MLS# 710362

Office / Retail

Property Type

19,262

Bldg Sq Ft

1965

Year Built

Property Overview

For sale a Gerber Collision & Glass in Lacey, WA. The property features 7 years of firm lease term remaining, following a lease extension two years early from Gerber, demonstrating strong tenant commitment to the site. The lease features attractive 3% annual rent increases and is corporately guaranteed by Gerber Collision & Glass, with over 1,000 locations nationwide. The property has been well maintained with recent capital improvements including approximately $63,000 in plumbing line replacements. The lease features minimal landlord responsibilities, restricted to roof and structural elements only, providing a passive investment structure. Offered at approximately $183 per square foot, the property presents an opportunity to acquire a mission-critical collision repair facility at a basis