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29931075
29931080

6706 24th W & 6711 Regents Blvd, University Place, WA 98466 For Sale

Kidder Mathews Tacoma
Listed by Kidder Mathews Tacoma
$1,700,000
145 days on market
Updated 16 days ago

6706 24th W & 6711 Regents Blvd

Details
Property Type Office
Sub Type Executive Office
Cap Rate 6.00%
NOI $105,848
Tenancy Multi
Price per SqFt $272
Buildings 2
Lot Size (SqFt) 15,716 - 17,071
Investment Type Stabilized

Office | 6.00% CAP

Marketing description

This income-producing property consists of two fully leased office buildings located at a prime intersection with traffic signal in Tacoma, Washington. Building 6706 features 3,364 square feet on a 15,716 square foot lot, while Building 6711 offers 2,880 square feet on a 17,071 square foot lot, for a combined total of 6,244 square feet of rentable space. The property is currently generating $113,814.96 in annual rental income from four established tenants with leases extending through 2031. With excellent frontage, abundant parking, multiple curb cuts, and well-maintained structures in very good condition, this stabilized asset offers strong cash flow and long-term income potential. The property's strategic location and solid tenant base make it an attractive investment opportunity for income-focused buyers.

2 fully leased office buildings Prime intersection with signal Abundant parking Excellent frontage Multiple curb cuts Well maintained property Strong tenant roster with long-term leases Stable income-producing asset Strategic location in growing market

Investment highlights

  • Prime intersection, with signal
  • Abundant parking
  • Excellent frontage
  • Multiple curb cuts
  • Well maintained property

Listing Contacts

Kidder Mathews Tacoma
Listed by Kidder Mathews Tacoma

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$105,847.91
$8,820.66/mo

Valuation Metrics

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DSCR
6.23%
Cap Rate
6.23%
ROI

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