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Orchard Professional Plaza 5314-5316 Orchard St W 10,097 SF 100% Leased Office Building University Place, WA 98467 $2,385,045 CAD ($236.21 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 |
$227,501
|
$22.53
|
| Other Income |
$77,550
|
$7.68
|
| Vacancy Loss |
$15,252
|
$1.51
|
| Effective Gross Income |
$289,799
|
$28.70
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$84,174
|
$8.34
|
| Net Operating Income |
$205,625
|
$20.36
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $227,501 |
| Annual Per SF | $22.53 |
| Other Income (CAD) | |
|---|---|
| Annual | $77,550 |
| Annual Per SF | $7.68 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $15,252 |
| Annual Per SF | $1.51 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $289,799 |
| Annual Per SF | $28.70 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $84,174 |
| Annual Per SF | $8.34 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $205,625 |
| Annual Per SF | $20.36 |
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
$2,385,045 CAD
Price Per SF
$236.21 CAD
Percent Leased
100%
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 | $1,632,830 CAD |
| Land Assessment | $871,098 CAD | Total Assessment | $2,503,928 CAD |
Property Taxes
Parcel Number
022023-5010
Land Assessment
$871,098 CAD
Improvements Assessment
$1,632,830 CAD
Total Assessment
$2,503,928 CAD
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Orchard Professional Plaza | 5314-5316 Orchard St W
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