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Office

Riverside Village Professional Center

413 29th St NE, Puyallup, WA 98372

Listing Price: $5,915,000

Cap Rate
6.79%
Gross SF
19,971
Rentable SF
19,971
Price/Gross SF
$296.18
Lot Size
1.31 acres
Year Built
2006

Investment Overview

The Stren Lea Group at Marcus & Millichap, as exclusive advisor,
is pleased to present the opportunity to acquire the 100% fee
simple interest in Riverside Village Professional Center (RVPC),
a rare Class A office building located in Puyallup, Washington.
Built in 2006 by the current owners, RVPC totals 19,971 rentable
square feet and sits on 1.31 acres of land. Equipped with
elevator service and a spacious lobby with corporate appeal,
RVPC is currently 100% occupied by three professional service
tenants. GetixHealth, an established medical billing technology
provider, occupies 93% of the rentable area and has called RVPC
home since 2013.
RVPC sits in the Riverside Village Professional Office Complex, a
thriving suburban office park with convenient access to SR-167,
SR-512 and SR-410. All buildings in the park benefit from large
parking lots and ample street parking. Since inception, the park
has enjoyed tremendously low historical vacancy and continues
to be one of the most sought after options for professional service
tenants in the Puyallup area given its ease of access and
proximity to local amenities. There are maintenance agreements
in place to preserve the idyllic setting created here.
RVPC is a well-maintained, Class A property in a premium
location that offers existing income with the potential for
increased rental rates in the near term. It offers an incoming
investor the opportunity to capitalize on the exodus of small to
mid-size businesses from downtown cores such as Seattle,
Bellevue and Tacoma to suburban office parks with spacious
configurations and convenient access.

Investment Highlights

  • Class A Office Investment Property
  • 100% Occupied With Anchor Tenant in Building Since 2013
  • Convenient Access to Major Highways and Local Amenities
  • Situated in Sought After Suburban Office Park Setting

Exclusively Listed By

Financing By

  • Tammy Linden

    First Vice President Capital Markets

    Direct:

    Email Tammy

    Seattle, WA

Office

Riverside Village Professional Center

Listing Price: $5,915,000

Cap Rate
6.79%
Gross SF
19,971
Rentable SF
19,971
Price/Gross SF
$296.18
Lot Size
1.31 acres
Year Built
2006

Investment Highlights

  • Class A Office Investment Property
  • 100% Occupied With Anchor Tenant in Building Since 2013
  • Convenient Access to Major Highways and Local Amenities
  • Situated in Sought After Suburban Office Park Setting

Investment Overview

The Stren Lea Group at Marcus & Millichap, as exclusive advisor,
is pleased to present the opportunity to acquire the 100% fee
simple interest in Riverside Village Professional Center (RVPC),
a rare Class A office building located in Puyallup, Washington.
Built in 2006 by the current owners, RVPC totals 19,971 rentable
square feet and sits on 1.31 acres of land. Equipped with
elevator service and a spacious lobby with corporate appeal,
RVPC is currently 100% occupied by three professional service
tenants. GetixHealth, an established medical billing technology
provider, occupies 93% of the rentable area and has called RVPC
home since 2013.
RVPC sits in the Riverside Village Professional Office Complex, a
thriving suburban office park with convenient access to SR-167,
SR-512 and SR-410. All buildings in the park benefit from large
parking lots and ample street parking. Since inception, the park
has enjoyed tremendously low historical vacancy and continues
to be one of the most sought after options for professional service
tenants in the Puyallup area given its ease of access and
proximity to local amenities. There are maintenance agreements
in place to preserve the idyllic setting created here.
RVPC is a well-maintained, Class A property in a premium
location that offers existing income with the potential for
increased rental rates in the near term. It offers an incoming
investor the opportunity to capitalize on the exodus of small to
mid-size businesses from downtown cores such as Seattle,
Bellevue and Tacoma to suburban office parks with spacious
configurations and convenient access.

Exclusively Listed By

Financing By

  • Tammy Linden

    First Vice President Capital Markets

    Direct:

    Email Tammy

    Seattle, WA

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