Puyallup, WA Property For Sale and Lease

Pierce County Parcel Numbers: 0419183021, 0419183011

328,442 SF Total (7.54 Acres)

Single Family Zoning Within Mid-County Community Plan

4 Dwelling Units Per Net Developable Acre

Near 138th and Canyon Rd

Preliminary Wetland Reconnaissance Complete

Currently A Single Family Residence With Several Outbuildings

Sale Price: $3,800,000.00

4.11 Acres of development land. Zoned MSF (4-6 units per net buildable acre). Property is also located within the UGA of Puyallup and Sewer Service area of Puyallup. Public water, natural gas, & electricity are in-street. Current sewer line is about 2800 ft west of the property. Options include connecting to sewer to maximize density; creating a community septic development; or, land-banking until the sewer line is closer. Topography is level. Views of Mt. Rainier from some portions of property. This offering is located just east of the intersection of East Pioneer and Shaw Roads and it is extremely well-situated for development with shopping, entertainment, & commuting all within proximity. Priced at $3.23/SF or $141K/Acre.

Excellent Investment or Owner Commercial Building! Ideal location in the heart of downtown of Puyallup with plenty of visibility and exposure. Great private parking and perfect opportunity for a small business. Easy access to freeways and walking distance to restaurants, shopping, and more. Do not miss out on this rare opportunity!

- Located in established office/medical campus

- Ideally situated off HWY 512 Easy access to HWY 167 and I-5

- Minutes to South Hill Mall, restaurants, and retail

- Professionally managed by Rush Properties Tax iD #: 9009080012

Brand New High Quality Construction

Anchored by Sound Credit Union

At signalized intersection with high traffic count

Ideal for medical or professional use

Abundant Parking

High Average Household Income area

Tax ID #: 6021800680

Desirable third acre on E Main in downtown Puyallup. Zoned General Commercial, this level, square lot has a variety of allowed uses including Professional Offices/Services, Multi-family, Churches/Religious institutions, Daycare Facilities, Veterinary Clinic, etc.

The lot currently has a single-family residence that can be removed to allow for new construction or repurposed into a small office with ample parking.

Location:

This property is located in downtown Puyallup, with easy access to Hwy 512 and Hwy 167. The lot is surrounded by a variety of other commercial properties ranging from standard retail to multiple story office buildings and light industrial.

Excellent visibility from E Main at the corner of E Main and 7th St SE.

Stabilized Income Producing Property with Historic High Occupancy

Ground Level Access to All Storage Units

Secure Individually Lit Units

Additional Income from Mailbox and RV/Boat Parking Rentals

Low Maintenance Steel Roof and Siding

Excellent Visibility and Signage along 160th Street East corridor

Good Access to Major Arterials

Comprehensive Security Monitoring System

On-site Leasing Office and Resident Manager Apartment

Property is Fully Fenced and Gated

Excellent Demographics & Growing Surrounding Population: Average Household Income Within One, Three, and Five Miles is Above the National Average

Puyallup Address, Located Outside City Limits in Pierce County

Property:

Prime office space available on N Meridian in Downtown Puyallup. Excellent visibility! This beautiful office space features 4 private offices, 2 conference rooms, reception space, lots of flex space, a kitchen and two bathrooms.

Location:

Fantastic location in the heart of downtown Puyallup, just a short walk from the Puyallup Sound Transit Train Station. Fantastic walking score and a beautiful green space just outside the front door.

Hard to Find 576 sq. ft Office Suite.

Downtown Puyallup on East Main

Recently Remodeled with New Laminate Flooring, Un-Graded Lighting, Painting and more!

This prime piece of real estate in downtown Puyallup is a rare find. Approximately 1400 sf of office space with 2000+ sf of Warehouse / Office / Light Industrial space is the perfect blend of form and function. Four fully updated and enclosed offices, reception area, two conference rooms, two kitchenettes, two bathrooms. Newer roof, electrical, windows, paint, flooring & lighting. Heated warehouse space with two high bay loading docks, has own conference room and bathroom, 9+ external parking spots. Ideal location to service massive new warehouse construction in the downtown corridor. Zoning allows many uses (buyer to verify). Buyers possession is subject to current tenant lease. Seller financing available. Call now to set up a tour.

This building formerly housed Woodcreek Pediatrics - Mary Bridge Children's - Puyallup Medical Clinic. There are four distinct suites that can be leased independently or combined. There is ample parking with lovely wooded grounds. The building is 1/2 mile from Good Samaritan Hospital. The building is equipped with a propane-powered generator.

This would be an excellent spa location, with wooded landscaping.

The address is as follow:

1706 Meridian S Unit 120 (B) - (2,703SF)

Suite includes:

Private Entrance with Waiting Room

Reception Area

4 Restrooms

7 Exam Rooms

Staff Lunch Room with Private Exit

Corner Provider Office, with view of wooded grounds

Lab

Nurse’s Office

Quality space available in professional office building located in Puyallup just off E Main Ave. This 2-story office building features high end finishes and welcoming common areas with high ceilings and large art pieces. There is a large, dedicated parking lot with multiple access points and abundant parking. There are two available spaces, Suite A on the 1st floor and Suite F on the second floor.

Suite A is located just inside the main entrance and features a glass door entrance, formal reception area, one private office, small conference room, and bullpen area.

Located in Downtown Puyallup near the 512/410/167 interchange. The area features a number of high-quality office buildings as well as popular restaurants. The E Main corridor is a burgeoning area of Puyallup with multiple new constructions being recently completed driving more traffic to the area.

Convenient Puyallup South Hill Location

8,255 SF warehouse with 675 SF office

Grade and Dock High Access

Ample Free Parking & Easy Freeway Access

Fully Sprinklered Warehouse + Office Space

Space Available April 1, 2023

ASSUMABLE LOAN WITH 3.83% RATE FIXED UNTIL 3/2030

PLEASE DO NOT DISTURB TENANTS

The Summit Apartments is an eight-unit apartments complex, located in Puyallup, Washington. The property was built in 1976 and is comprised of a wood framed construction, hardy plank wood siding, and a flat torch down roof. Over the past several years, current ownership has performed a complete interior and exterior renovation of the property, making Summit Apartments a true turnkey asset. Exterior renovations included new siding and paint, new roofs, installing double vinyl pane windows, resealed the parking lot, which has 12 parking stalls along with ample open parking, as well as septic system upgrades in Q3 of 2022.

The property not only offers an investor the chance to acquire a true turnkey asset in a stellar submarket, but is also being offered with assumable debt, that will give an investor the opportunity to obtain an interest rate that is no longer available in today’s market. The current ownership refinanced the property in the beginning of 2020 for $1,050,000 with a 10-year fixed Fannie Mae loan, with an extremely attractive interest rate of 3.83%. With the 3 years of interest only payments set to expire in March of 2023, a buyer who assumes the loan will benefit from having an additional 7 years of mortgage payments that are approximately 20% lower than that of a loan that would be generated with today’s rates.

Even though Summit Apartments has been fully renovated, the property still offers operational upside. The tenant base at the property largely consists of tenants who first moved into the property in 2019 and 2020 when the units were renovated. While several units have received rent increases since their move-in dates, none of the units are current at market rents. Furthermore, a buyer will also be able to raise the income of the property by implementing a utility bill back system of an additional $65/unit/month, which is currently not in place. By taking advantage of both operational increases, a buyer will be able to raise the effective gross income on Summit by an estimated 7.94%.

See listing agents for copy of Offering Memorandum.

About The Property

• Fred Meyer Anchored\ Retail

• Located off of Meridian E and 176 th St E

• High Traffic Counts with 34 352 Cars Per Day on Meridian E

• 24 248 Cars Per Day on 176 th St E

• Ample Parking

• Across from Pierce County Airport Thun Field

Property Description

• Available Square Footage: Unit #1 (In Store Space) 1,441 SF

• Lease Rate: Call Broker For Details

• Zoning: Commercial District

Nice corner for small building as with high intensity development you have 15,000 SF of buildable land and with moderate you have 35,000 SF of buildable. These are all approximant sizes and must be verified. Traffic count on 37th is 20,000 plus cars per day. Buildable land is located at the SE corner of 37th Ave SE & 3rd Street SE which is also the NW corner of the 8.9 acres. No drive through allowed. Multifamily site.

• 4.64 acre site

• Submitted for SEPA for 84,136 SF Building

• BTS options from 10,000 SF to 84,136 SF

• Option for smaller building with yard

2+/- Acre site.

Graveled, fenced, and gated.

Zoned: (EC) Employment Corridor, Pierce County.

Ideal for truck/trailer parking or contractor storage yard.

Easy access to Hwy 512/Canyon Rd E.

Lease Rate: $11,000/month + NNN.

Estimated 2022 NNN = $363/month.

Standalone medical building with two grades of direct access. Former medical clinic with significant in place value. Blocks from Good Samaritan Hospital with exposure on Meridian Ave.

Available for sub-lease. Current term expires 4-30-2024. Class A office space currently occupied by Evergreen Homes. Great floor plan, including a nice waiting area, up to 9 private offices, conference room, signing rooms, large break room and nice open work areas. Furniture can be included, easy access to Hwy-167 and 410. Class A finishes, second floor with elevator access and ample parking. Nice common area in the main building entrance including a fireplace.

Single Tenant NNN leased medical office, occupied by Olympic Sports and Spine Physical Therapy, an affiliate of Multicare health system with great credit. Property is just completed a major $1,000,000.00 renovation including a completely new interior buildout, adding fire sprinklers, new roof, and new HVAC. Long-term tenant commitment to the site.

Westlake Associates, Inc. is proud to present the Puyallup Flats for sale! This 8 unit, one-story property is a fully renovated apartment community in downtown Puyallup that provides easy access to shopping, the Puyallup Fair Grounds, hiking trails, schools, hospitals, etc. Local employment is dominated by industrial tenants, with Amazon and Boeing having facilities close by and travel is made simple with public transportation being less than half a mile away.

The units themselves each boast having a private, fenced in back yard, patio, and attached spacious garage. The freshly renovated and spacious interiors include new kitchen cabinets, quartz countertops, new stainless steel appliances, side by side washer & dryers in a laundry room, flooring, doors, mill work, lighting, and more. The Puyallup Flats are located in an area with a stabilized vacancy rate that is below the submarket pre-pandemic average, and has seen significant rent growth along with a surge in investor interest. Thanks to the strong demand and low vacancies, there has been a double-digit average rent increase and a rise in market prices, making this turn-key property the perfect investment opportunity.

• 211,253 SF building area

• 729,422 SF site area

• 29% coverage

• 102 additional trailer stalls

• 210 parking stalls

• 34 DH and 2 GL doors

• Rail access