Buyer Acquires M Street Industrial Park In Tacoma For $5 Million With Broker Matt McLennan

The property involved in the transaction is the M Street Industrial Park located at 2940 South M Street in Tacoma, WA. The asset spans 1.55 acres and has a total square footage of 23,500. The sale price for the property was $5,000,000, resulting in a price per square foot of $213.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,000,000
• Sale Date: 08/15/2025
• Address: 2940 South M Street, Tacoma, WA
• Acres: 1.55
• Square Footage: 23,500
• Price per Square Foot: $213
• Broker: Matt McLennan - Kidder Mathews

The buyer acquired the property as part of a 1033 exchange. Kidder Mathews’ Matt McLennan represented the buyer in this transaction, which marks the property’s first time being offered on the market.