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12704 Meridian Ave E
Puyallup, WA 98373

Retail Property For Sale

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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.

PROPERTY FACTS

Sale Type

Owner User

Sale Conditions

1031 Exchange

Property Type

Retail

Property Subtype

Freestanding

Building Size

12,500 SF

Building Class

Year Built/Renovated

1973/2007

Price

$5,162,652 CAD

Price Per SF

$413 CAD

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	$1,404,311 CAD
Land Assessment	$1,494,829 CAD	Total Assessment	$2,899,140 CAD

PROPERTY TAXES

Parcel Number

432000-2545

Land Assessment

$1,494,829 CAD

Improvements Assessment

$1,404,311 CAD

Total Assessment

$2,899,140 CAD

Listing ID: 30665421
Date on Market: 2024-01-15
Last Updated:
Address: 12704 Meridian Ave E, Puyallup, WA 98373

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