Property Description
Fantastic Opportunity to purchase turnkey Medical Building with long term tenant serving the Port of Tacoma and city of Fife. Property located on main arterial connecting Hwy 509 and I5. Building is located in Fife Industrial zone and has 5% CAP Rate. Current tenant is on lease until 2024 with options to extend until 2030. Ability to renegotiate on renewal for instant equity and CAP increase in the near future. See attached Offer Memorandum with recently updated 2021 financials for detailed listing info.
Listing courtesy of
Better Properties Fairwood
Features
: 1
: 1
: Flat
: 50
: Unfurnished
: Forced Air, Dining Room
: Metal/vinyl
: Insert
: Electricity Available, Sewer Connected
: Laminate
: Electric
: Slab
: Closing
: Level
: Good
: Industrial
: Cash Out, Conventional
: Electric
: Sewer Connected
Address Map
US
WA
Pierce
Fife
98424
54th
502
0
W123° 38' 32.8''
N47° 15' 11.5''
Avenue
0
Exit HWY I5 on 54th ave E and head WEST. Subject property on left side of road
Taxes
2021
$15,017
Additional Information
Vahan Sagoian
$0
$0
Monthly
95283786
NWM6235
30/12/2021 18:49:10
: Public
1
167ftx234ft
70 - Fife
0
Active
NWM121311
Commercial Sale For Sale
502 54th, Fife, Washington 98424
0 Bedrooms
0 Bathrooms
0 Sqft
Visits : 88 in 1679 days
$2,650,000
Listing ID #NWM1769370
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : NWM1769370
Price : $2,650,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1984
Lot Area : 0.89 Sqft
Structure Type : Industrial
Status : Active
Total Bathrooms : 0
Community : Fife
Property Sub Type : Commercial Industrial
