Tacoma · Commercial sale
Airef Tacoma DC buys 1950 S State St in Tacoma for $55 million
A warehouse at 1950 S State St, Tacoma sold for $55,000,000 on August 11, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $55,000,000
- Sold
- August 11, 2026
- Property type
- Warehouse
- Building area
- 248,033 sq ft
- Price per sq ft
- $222
- Year built
- 2022
A warehouse at 1950 S State St in Tacoma sold for $55,000,000 on August 11, 2026, according to Pierce County Assessor-Treasurer's sales records. The sale price is 64% above the market value on record of $33,472,200.
TNT DDS LLC sold the property to Airef Tacoma DC LLC. The deed conveys 2 parcels, with 1950 S State St as the largest one identified.
The Assessor's records show 248,033 square feet of building area on a 12.09-acre lot, built in 2022. At that size, the price works out to $222 per square foot.
What this sale costs to close
What does closing cost at this price? Under Pierce County custom the seller's larger charges are $1,619,075 for the state real estate excise tax (graduated) and $275,000 for the local real estate excise tax (0.50%). The seller's estimated net is $52,696,910 before brokerage commissions and any loan payoff. A cash buyer would need about $54,698,580 at closing.
Source: Pierce County Assessor-Treasurer, sales data downloads, document 4696683. Property details: Pierce County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
