Log In/Sign Up
Your email has been sent.
Orchard Professional Plaza 5314-5316 Orchard St W 10,097 SF 33% Leased Office Building University Place, WA 98467 $2,225,779 CAD ($220.44 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 - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$233,636
|
$23.14
|
| Other Income |
$61,347
|
$6.08
|
| Vacancy Loss |
$18,691
|
$1.85
|
| Effective Gross Income |
$276,291
|
$27.36
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$72,049
|
$7.14
|
| Net Operating Income |
$204,242
|
$20.23
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $233,636 |
| Annual Per SF | $23.14 |
| Other Income (CAD) | |
|---|---|
| Annual | $61,347 |
| Annual Per SF | $6.08 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $18,691 |
| Annual Per SF | $1.85 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $276,291 |
| Annual Per SF | $27.36 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $72,049 |
| Annual Per SF | $7.14 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $204,242 |
| Annual Per SF | $20.23 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
10,097 SF
Building Class
B
Year Built/Renovated
1983/2024
Price
$2,225,779 CAD
Price Per SF
$220.44 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
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Move in ready suite fully built out for office use. Previously occupied by a law office. Features multiple private offices, conference rooms, lobby/reception, printing area, kitchen/break room, and file storage. Possible to be demised into two separate suites: Suite 1A, 3,100SF on 1st floor and 1,000 SF of basement space; and Suite 1B, 2,700 SF on 1st floor.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 1A-1B | 2,700-6,800 SF | Office | Full Build-Out | Now |
1st Fl-Ste 1A-1B
| Size |
| 2,700-6,800 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 1A-1B
| Size | 2,700-6,800 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Move in ready suite fully built out for office use. Previously occupied by a law office. Features multiple private offices, conference rooms, lobby/reception, printing area, kitchen/break room, and file storage. Possible to be demised into two separate suites: Suite 1A, 3,100SF on 1st floor and 1,000 SF of basement space; and Suite 1B, 2,700 SF on 1st floor.
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 022023-5010 | Improvements Assessment | $1,633,927 CAD (2025) |
| Land Assessment | $871,683 CAD (2025) | Total Assessment | $2,505,610 CAD (2025) |
Property Taxes
Parcel Number
022023-5010
Land Assessment
$871,683 CAD (2025)
Improvements Assessment
$1,633,927 CAD (2025)
Total Assessment
$2,505,610 CAD (2025)
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.