Tacoma’s M Street Industrial Park has been acquired for $5 million as part of a 1033 exchange, according to a news release today from Kidder Mathews, which represented the buyer.
The buyer was Arrowhead DJM LLC of Enumclaw and the seller was HWD LLC of Gig Harbor, according to Pierce County records.
The 23,500-square-foot industrial complex — located at 2940 South M St. and situated on 1.55 acres — is fully leased and features five tenant spaces with grade-level doors, gated and fenced access, 21-foot clear height, three-phase power, and zoning allowing for a wide variety of uses. The property is located in Tacoma’s Nalley Valley and offers easy access to Interstate 5 and State Route 16, with close proximity to the Port of Tacoma and key regional industrial hubs, Kidder Mathews said…