Pasco, Washington, offers a unique opportunity for investors to capitalize on the growing demand for industrial properties. With a strong presence of food processing companies, such as Lamb Weston, Reser's Fine Foods, and Twin City Foods, and a emerging wine industry, Pasco is an attractive location for businesses looking to establish or expand their operations. Industrial properties in Pasco can represent a range of investments, from manufacturing facilities to warehouses and distribution centers. The city's strategic location, with access to the Pasco Intermodal Train Station and Tri-Cities Airport, makes it an ideal hub for logistics and transportation. Additionally, Pasco's education institutions, such as Columbia Basin College and Washington State University Tri-Cities, provide a skilled workforce, while its amenities, including the Pasco Farmers Market and Gesa Stadium, offer a high quality of life. With a population of around 70,000, Pasco is a great place for business and travel, with attractions like the Sacagawea Heritage Trail and waterfront parks along the Columbia River.
Currently, there are 4 industrial properties for sale in Pasco, offering a range of options for investors. The average price per square foot is $432 USD, with an average size of 7,671 square feet. The largest property available is 13,504 square feet. In addition to industrial properties, Pasco also offers a range of other property types, including warehouses, with options like the Pasco Intermodal Train Station and Tri-Cities Airport providing easy access to transportation hubs. Land is also available, with opportunities for development in areas like West Pasco, which has experienced significant growth and development in recent years. Apartment buildings are another option, with a range of complexes available, including those near Columbia Basin College and Washington State University Tri-Cities. Commercial real estate is also available, with options like the HAPO Center, a large complex for regional events, conventions, meetings, sporting events, and concerts. Overall, Pasco offers a range of investment opportunities, with its unique blend of industry, education, and amenities making it an attractive location for businesses and investors.
What is the average price per square foot for industrial properties in Pasco?
The average price per square foot for industrial properties in Pasco is $432 USD per square foot, with 4 available listings ranging in size from 7,671 square feet to 13,504 square feet, and an average cap rate of 6.01%.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Pasco, Washington, as they impact the ease of doing business, logistics, and overall operational efficiency.
- Proximity to major transportation hubs, such as the Pasco Intermodal Train Station and Tri-Cities Airport, can increase industrial property values due to the convenience of shipping and receiving goods.
- Easy access to highways and major roads, like Road 100, can also boost property values by reducing transportation costs and increasing the speed of delivery.
- In addition, industrial properties located near amenities like the Pasco Farmers Market, Gesa Stadium, and HAPO Center may benefit from increased foot traffic and visibility, further enhancing their value.
