4109 Bridgeport Way
4109 Bridgeport Way, University Place, WA 98466
Marketing description
First Western Properties - Tacoma, Inc. is pleased to exclusively present the opportunity to acquire 4109 Bridgeport Way, University Place, one parcel that includes a 10,779 SF office space, and total .68 acres in University Place, located at the intersection of 40th Street and Bridgeport Way. The property is currently 90% leased to a mix of office tenants. Can be purchased with Parcel #4002490030 and Parcel #4002490020. Reach out to Listing Brokers for more information.
University Place, WA, is a thriving suburb of Tacoma in Pierce County, known for its strategic location with easy access to major highways, providing seamless connectivity to Tacoma and Seattle. This affluent community boasts a well-educated, financially stable population with a median household income above the national average.
The city features excellent educational institutions, including top-rated public and private schools. Recreational opportunities abound with attractions like the Chambers Bay Golf Course and numerous parks. The commercial landscape is diverse, offering a mix of retail and dining options. University Place's pro-business climate, strong real estate market, and ongoing infrastructure improvements make it an attractive destination for investment and business development.
Investment highlights
- Investor can improve NOI with longer term leases at market rates.
- Office is occupied with short term tenants.
- Space can be made available for a buyer to occupy directly.
- Estimated Average HH Income of $147,000.
- No B&O Taxes within the City of University Place.
- Less than a mile from only Whole Foods and Trader Joes in Pierce County.
- Many local restaurants and retail services in the immediate area.
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