9810 40th Ave SW
Lakewood, WA 98499
Names Office Building · Office Property For Sale

This building consists of a mix of office and warehouse space and is divided into seven suites. Two suites are configured as warehouse space and are currently leased to a single tenant, while the remaining five suites are office spaces. Three of the office suites are located on the second floor and are accessible via the existing lift. Each suite includes its own restroom, resulting in no common areas other than the parking lot. The tenants are long-term, with the most recent five-year lease commencing in 2021, and that tenant has already begun discussions regarding renewal. There is currently one vacant office suite on the second floor, bringing the building to 87% leased. The property provides 24 on-site parking stalls, and the landlord additionally leases 12 parking stalls from the neighboring property owner. This parking lease is terminable at the landlord's sole discretion. The property is located less than one mile from Interstate 5 & Highway 512, offering convenient access to multiple regional freeways. The site is zoned Commercial 2 (C-2) in the City of Lakewood, which allows for a variety of retail, commercial, and light industrial uses. Additionally, the adjacent Gerber Collision & Glass facility, located at the corner of 40th Ave SW and 100th St SW, is also available for sale, along with a fully leased assemblage of three parcels featuring overlapping leases with Rapid Prep, LLC and NuCO2 (Nasdaq: LIN).