Keller Williams Commercial Offenbecher is pleased to offer Riverwalk Plaza for sale. This Trophy investment opportunity is priced at $5,600,000, representing a 6.01% cap rate based upon existing leases in place.
Riverwalk Plaza is a quality built, class B, suburban office building consisting of 19,081 rentable square feet on a 59,513 square foot parcel of land. The building was built in 2008, and has been 100% occupied for years. Stable tenants, all in place for several years, provide consistent revenues. Leases are all NNN, providing protection from future increases in operating costs. The Building and Premises have always been professionally managed to keep the property in first class condition.
Location
Located close, in a mixed use urban area that includes a variety of commercial and multifamily uses, while maintaining easy access to highways SR 512 and highway 167. Walking distance to several restaurants, shopping centers, and services. Close to the Puyallup Sound Transit station provides excellent transportation options for employees and customers.
Highlights
- Trophy property
- First time on the market
- 6.01% ACTUAL Cap rate
- 100% occupied
- Quality building constructed in 2008
- Professionally managed
- NNN Leases
- Stable Tenants
- Property Type
Office
- Submarket
- Year Built
2008
- Total Building Size
19,081RSF
- Total Acres
1.37
- Building Class
B
- Property ID
2061161
