Rainier View Industrial Park 6311 Rich Rd SE 66,722 SF 96% Leased Industrial Building Olympia, WA 98501 $18,024,659 CAD ($270.15 CAD/SF) 6.78% Cap Rate

Northmarq is pleased to present the Rainier View Industrial Park, a premier light-industrial asset in Olympia, WA. Comprised of approximately 66,722 square feet across 23 versatile suites, the property benefits from comprehensive recent renovations and a 96.4% occupied rent roll. The asset has been strategically upgraded with modernized suites and intentional infrastructure, positioning it as a turnkey investment that commands interest from a wide variety of tenant profiles.
Uniquely situated as the only light-industrial (LI-C) zoned parcel in the immediate area, the property is surrounded by thousands of established residences. This dense residential backdrop creates a captive audience for the park’s service-oriented tenants, providing them with a built-in customer base and ensuring the asset’s long term essentiality to the community.
The strength of this asset is further bolstered by a record-low 2.4% vacancy rate for the sub-75,000 SF Thurston County industrial segment. In addition to durable in-place cash flow, multiple value add opportunities remain—including the finalization of a cell tower transaction and the optimization of yard space—providing investors with attractive, realizable upside potential in a high barrier-to-entry submarket.