Log In/Sign Up
Your email has been sent.
Orchard Professional Plaza 5314-5316 Orchard St W 10,097 SF 100% Leased Office Building University Place, WA 98467 $2,427,832 CAD ($240.45 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 |
$231,582
|
$22.94
|
| Other Income |
$78,941
|
$7.82
|
| Vacancy Loss |
$15,526
|
$1.54
|
| Effective Gross Income |
$294,997
|
$29.22
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$85,684
|
$8.49
|
| Net Operating Income |
$209,314
|
$20.73
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $231,582 |
| Annual Per SF | $22.94 |
| Other Income (CAD) | |
|---|---|
| Annual | $78,941 |
| Annual Per SF | $7.82 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $15,526 |
| Annual Per SF | $1.54 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $294,997 |
| Annual Per SF | $29.22 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $85,684 |
| Annual Per SF | $8.49 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $209,314 |
| Annual Per SF | $20.73 |
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
$2,427,832 CAD
Price Per SF
$240.45 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 | $1,653,121 CAD |
| Land Assessment | $881,923 CAD | Total Assessment | $2,535,044 CAD |
PROPERTY TAXES
Parcel Number
022023-5010
Land Assessment
$881,923 CAD
Improvements Assessment
$1,653,121 CAD
Total Assessment
$2,535,044 CAD
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Orchard Professional Plaza | 5314-5316 Orchard St W
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.