12704 Meridian Ave E | Puyallup, WA 98373
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12704 Meridian Ave E
Puyallup, WA 98373
Retail Property For Sale
Investment Highlights
- High exposure
- Excellent signage on prime corner
- Excellent Parking
Executive Summary
Prime Strip Retail building located on major intersection in Puyallup on 128th Ave and Meridian, 4 tenant spaces, one with long term lease with Greg’s Japanese Auto approximately 8 years remaining, potential owner user space, lots of parking, large, fenced yard.
$7,732. + NNN current Greg’s Japanese Auto rent (5,017sqft)
$7,700 + NNN Mattress Ranch space (ground floor 3,557sqft)
$4,400 + NNN Former yoga studio (second floor 3,779sqft)
$2,000 (fenced storage yard19,000sqft)
$21,832 (base rent only)
X12 months
$261,984 potential rent @ Market rents + NNN of APPX. $65,216 collected.
$7,732. + NNN current Greg’s Japanese Auto rent (5,017sqft)
$7,700 + NNN Mattress Ranch space (ground floor 3,557sqft)
$4,400 + NNN Former yoga studio (second floor 3,779sqft)
$2,000 (fenced storage yard19,000sqft)
$21,832 (base rent only)
X12 months
$261,984 potential rent @ Market rents + NNN of APPX. $65,216 collected.
PROPERTY FACTS
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
12,500 SF
Building Class
B
Year Built/Renovated
1973/2007
Price
$3,600,000
Price Per SF
$288
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
14’
Building FAR
0.28
Lot Size
1.02 AC
Zoning
MUD, Puyallup - Retail Pierce County
Parking
36 Spaces (4.2 Spaces per 1,000 SF Leased)
Frontage
320 FT on Meridian
Amenities
- Bus Line
- Corner Lot
- Signage
- Signalized Intersection
- Skylights
- Tenant Controlled HVAC
PROPERTY TAXES
| Parcel Number | 432000-2545 | Improvements Assessment | $986,700 |
| Land Assessment | $1,050,300 | Total Assessment | $2,037,000 |
PROPERTY TAXES
Parcel Number
432000-2545
Land Assessment
$1,050,300
Improvements Assessment
$986,700
Total Assessment
$2,037,000
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