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502 54th Avenue E

Fife, WA 98424
  • $2,650,000
  • STATUS: Active
  • ON SITE: 263 Days
  • ID#: 1769370
UPDATED: 78 min ago
$2,650,000
  • 0
    BEDS
  • 0.89
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1984
County:
Area:

School Ratings & Info

Listing Courtesy of Better Properties Fairwood.

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.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Jordan Real Estate Group | CENTURY 21 Real Estate Center are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-01-25T17:14:18.78.

www.jordanregroup.com/homes/116846165
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502 54th Avenue E Fife, WA 98424

  • Price: $2,650,000
  • Status: Active
  • On Site: 263 Days
  • Updated: 78 min ago
  • ID#: 1769370
0
Beds
0
Baths
0
½ Baths
0.89
Acres
1984
Built
Neighborhood:
Fife
County:
Pierce
Area:
Fife
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.
Exterior Features

Carport YN No Exterior Features Metal/Vinyl Lot Size Dimensions 167Ftx234ft Open Parking YN No Parking Total 50 Roof Flat Structure Type Industrial Style Code 70 - Industrial Topography Level

Interior Features

Building Area Total 0 Cooling YN Yes Fireplace YN No Flooring Laminate Furnished Unfurnished Heating Cooling Type Heat Pump Heating YN Yes Interior Features Heat PumpLaminate Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Electric On Property YN No Energy Source Electric First Right Of Refusal No Foundation Details Slab Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 154698 Possession Closing Possible Use Industrial Power Production Type Electric Property Condition Good Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 15017 Tax Year 2021 Utilities Sewer ConnectedElectricity Available Water Source Public Year Built Effective 1984 Zoning Class Industrial Zoning Jurisdiction City

Listing information © 2022 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Jordan Real Estate Group | CENTURY 21 Real Estate Center and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Jordan Real Estate Group | CENTURY 21 Real Estate Center are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-01-25T17:14:18.78.

 
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Jordan Real Estate Group | CENTURY 21 Real Estate Center
19020 33rd Ave W #300
Lynnwood WA, 98037
Listing Courtesy of Better Properties Fairwood.