Kidder Mathews’ Matt McLennan represents buyer in $5,000,000 Tacoma industrial acquisition

Matt McLennan, SIOR, CCIM, a shareholder and board member at Kidder Mathews, represented the buyer in the purchase of the M Street Industrial Park in Tacoma, Washington. Located at 2940 South M Street, the property was acquired for $5,000,000 as part of a 1033 exchange.

The 23,500-square-foot industrial complex, situated on 1.55 acres, is 100% leased and features five tenant spaces with grade-level doors, gated and fenced access, 21-foot clear height, three-phase power, and M1/M2-STGPD zoning allowing for a wide variety of uses. Located in Tacoma’s Nalley Valley, the property offers immediate access to Interstate 5 and Highway 16, with close proximity to the Port of Tacoma and key regional industrial hubs.

“This acquisition represents a strategic investment for the buyer in a prime industrial corridor with strong long-term potential,” said McLennan, an Executive Vice President at Kidder Mathews’ Tacoma office.

M Street Industrial Park marks the first time this property has come to market, offering a rare opportunity to secure a fully leased, well-located industrial asset in Tacoma’s competitive marketplace.