2nd St Medical Building
$735,000
1415 2nd Street Southeast, Puyallup, WA 98372
For Sale
Unknown Listing Type
Pending
Last Updated: 09/12/2022
6
Cap Rate
44,125
NOI
Details:
Cap Rate: 6%
NOI: $44,125
Building Size: 4,160 sqft
Lot Area: 0.19 acres
Units: 1
Occupancy: 100%
Year Built: 1971
Zoning: MED - Medical
Floors: 2
Parking Spots: 6
Roof: Composite Shingle
Heating: Forced Air
Description:
Long-term Tenant operates an adult care home and has renewed a 5-year lease early with yearly rent escalations plus two 5-yr extension options. Tenant maintains the building and pays NNN to cover the owner’s taxes and insurance. Great “mailbox money” investment!
Located in the Puyallup medical hub area and just one block from Good Samaritan Hospital. Close by access to Hwys 512 and 167.
Long-term tenant
5-year lease with options to renew
Low maintenance
Documents:
| Title | ||
|---|---|---|
| 2nd St Medical Building Sale Brochure |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
