2929 5th Ave Ne 9,472 SF 100% Leased Office Building Puyallup, WA 98372 $3,908,156 CAD ($412.60 CAD/SF) 7.44% Cap Rate

100% Leased Office / Healthcare Asset in a Top-Performing Tacoma Sub-market
The Frame Team at Kidder Mathews, is pleased to present the opportunity to acquire a fully leased office and healthcare property located in one of Tacoma’s top-performing submarkets. Situated on a 1.36-acre parcel with 44 on-site parking stalls (a 5.4 stalls per 1,000 SF parking ratio), the asset offers strong fundamentals, stable income, and long-term flexibility for both investors and owner-users. The property is anchored by Kids at Play Therapy, a well-established healthcare operator that has occupied the building for nearly 15 years. The tenant is currently expanding its operations and further integrating a daycare component into the property. In conjunction with this expansion, Kids at Play Therapy has agreed to execute two new five-year leases, one for the therapy clinic and one for the daycare addition. Both commencing upon the closing of sale, providing immediate long-term income security from a growing tenant. The remaining ±1,736 square feet is leased to Movement Mortgage, which recently signed a one-year lease at $22.00/ SF NNN with no renewal options. This suite offers flexibility for future leasing or an owner-user opportunity and features strong visibility and a high-quality interior build-out, including five to six private offices, a large conference room, in-suite restrooms, and a dedicated break room. With 100% occupancy, long-term healthcare tenancy, and a high parking ratio that supports medical and educational uses, the property presents a low-risk investment with durable cash f low and built-in optionality. Strong sub-market fundamentals, tenant longevity, and a well-configured site position this asset as a compelling acquisition opportunity in the Tacoma market