Realterm has acquired 1955 Lincoln Avenue, a 29-door truck terminal in Tacoma, Washington.
This acquisition represents Realterm’s ninth high flow through industrial property in the greater Seattle and Tacoma region. “The Lincoln Avenue property is an exceptional addition to our portfolio due to its prime location within the Port of Tacoma, efficient layout and strategic position in one of the nation’s most robust industrial real estate markets,” said Stephen Panos, Managing Director, Senior Fund Manager at Realterm.
The property includes an 8,600-square-foot warehouse and 1,100 square feet of office space situated on 2.4 acres of fully paved, lit and secured land. Strategically located in the Port of Tacoma’s Heavy Haul Industrial Corridor, which permits vehicles weighing up to 98,000 pounds, the property offers immediate access to the Port of Tacoma shipping terminals and the Union Pacific Intermodal facility. Its proximity to I-5 and SR-167 provides convenient access to the Kent Valley, Port of Seattle and downtown Seattle.
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