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Orchard Professional Plaza 5314-5316 Orchard St W 10,097 SF 33% Leased Office Building University Place, WA 98467 $2,449,840 CAD ($242.63 CAD/SF)
INVESTMENT HIGHLIGHTS
- Excellent Owner/User Opportunity with Existing Income
- Dedicated Parking
- Recent Capital Expenditures
- Strategic Location
- Flexible Space
- Strong Demographics
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the well established, mixed-use property in the University Place neighborhood of Tacoma, WA. Positioned on the corner of 53rd St W and South Orchard Street, the property benefits from strong traffic exposure, with nearly 21,000 vehicles passing daily.
The multi-tenant building offers 10,097 SF of flexible space, featuring a first-floor office, a finished basement/warehouse, and one residential apartment unit. The offering’s strategic location and diverse tenancy provide a unique opportunity for investors or businesses looking to expand their footprint in an ever-growing market. For more information, please visit: https://www.marcusmillichap.com/properties/174737/deal-room/a9a37fc50f8d35c8
The multi-tenant building offers 10,097 SF of flexible space, featuring a first-floor office, a finished basement/warehouse, and one residential apartment unit. The offering’s strategic location and diverse tenancy provide a unique opportunity for investors or businesses looking to expand their footprint in an ever-growing market. For more information, please visit: https://www.marcusmillichap.com/properties/174737/deal-room/a9a37fc50f8d35c8
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$233,681
|
$23.14
|
| Other Income |
$79,657
|
$7.89
|
| Vacancy Loss |
$15,666
|
$1.55
|
| Effective Gross Income |
$297,672
|
$29.48
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$86,460
|
$8.56
|
| Net Operating Income |
$211,211
|
$20.92
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $233,681 |
| Annual Per SF | $23.14 |
| Other Income (CAD) | |
|---|---|
| Annual | $79,657 |
| Annual Per SF | $7.89 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $15,666 |
| Annual Per SF | $1.55 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $297,672 |
| Annual Per SF | $29.48 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $86,460 |
| Annual Per SF | $8.56 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $211,211 |
| Annual Per SF | $20.92 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
10,097 SF
Building Class
B
Year Built
1983
Price
$2,449,840 CAD
Price Per SF
$242.63 CAD
Percent Leased
33%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,049 SF
Slab To Slab
8’
Building FAR
0.46
Lot Size
0.50 AC
Zoning
MU - Mixed Use
Parking
27 Spaces (2.67 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
1 1
PROPERTY TAXES
| Parcel Number | 022023-5010 | Improvements Assessment | $1,682,120 CAD |
| Land Assessment | $897,394 CAD | Total Assessment | $2,579,514 CAD |
PROPERTY TAXES
Parcel Number
022023-5010
Land Assessment
$897,394 CAD
Improvements Assessment
$1,682,120 CAD
Total Assessment
$2,579,514 CAD
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Orchard Professional Plaza | 5314-5316 Orchard St W
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