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Office Medical

All Creatures Animal Hospital Multi-Tenant

16714 Meridian Ave E, Puyallup, WA 98375

Listing Price: $2,915,000

Cap Rate
5.98%
Gross SF
6,680
Rentable SF
6,680
Price/Gross SF
$436.38
Occupancy
92.0%
Year Built
1979
Lot Size
0.68 acres

Investment Overview

Marcus & Millichap has been retained to exclusively market for sale All Creatures Animal Hospital located in South Hill, Puyallup, Washington. The subject property is a multi-tenant commercial building anchored by Lakefield Veterinary Group, Inc., a national veterinary operator with 66+ locations across the country. Lakefield entered a 10-year lease commencing August 2020 and occupies 68% of the rentable square footage. There are 7 tenants in the building and a tenant that rents the billboard located on the property. The subject property is 6,680 rentable square feet and is situated on a 0.68-acre lot. Located on one of the busiest thoroughfares in Pierce County, State Route 161/Meridian E, the property offers unbeatable visibility on a hard corner in the Sunrise Village shopping district.

Investment Highlights

  • Veterinary Hospital-Anchored Investment Opportunity
  • Leased By National Operator On Long-Term NNN Lease
  • Unbeatable Visibility On Hard Corner With 38,908 VPD

Exclusively Listed By

Office Medical

All Creatures Animal Hospital Multi-Tenant

Listing Price: $2,915,000

Cap Rate
5.98%
Gross SF
6,680
Rentable SF
6,680
Price/Gross SF
$436.38
Occupancy
92.0%
Year Built
1979
Lot Size
0.68 acres

Investment Highlights

  • Veterinary Hospital-Anchored Investment Opportunity
  • Leased By National Operator On Long-Term NNN Lease
  • Unbeatable Visibility On Hard Corner With 38,908 VPD

Investment Overview

Marcus & Millichap has been retained to exclusively market for sale All Creatures Animal Hospital located in South Hill, Puyallup, Washington. The subject property is a multi-tenant commercial building anchored by Lakefield Veterinary Group, Inc., a national veterinary operator with 66+ locations across the country. Lakefield entered a 10-year lease commencing August 2020 and occupies 68% of the rentable square footage. There are 7 tenants in the building and a tenant that rents the billboard located on the property. The subject property is 6,680 rentable square feet and is situated on a 0.68-acre lot. Located on one of the busiest thoroughfares in Pierce County, State Route 161/Meridian E, the property offers unbeatable visibility on a hard corner in the Sunrise Village shopping district.

Exclusively Listed By

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