18209 Wa-410Bonney Lake, WA 98391

For Sale
$8,800,000
3-Story Medical Office Building, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a three-story, Class B medical office building totaling 32,586 square feet, situated on a 1.39-acre lot in Bonney Lake, Washington. The property, built in 2004 and renovated in 2024, features six units and 124 parking spaces. Located at 18209 WA-410, it boasts high visibility and direct access to Highway 410, next to a park and ride. The building is zoned C2 Commercial and offers an owner-user opportunity, with the potential to occupy up to 21,724 square feet on the first and second floors, or 2,020 square feet on the third floor, while generating income from existing tenants. The asking price is $8,800,000, translating to $270 per square foot. The property's multi-tenant structure, with a diverse mix of office, healthcare, and retail businesses in the surrounding area, fosters strong relationships and referral business. This prime location in a rapidly growing area offers access to amenities, housing, and major transportation routes, benefiting from a deep labor and housing pool. The lease type is NNN. The APN is 5640001706. This is a rare opportunity to acquire a value-add medical office building in a thriving suburban market.

Highlights

  • Owner-occupier opportunity: Up to 21,724 SF (1st & 2nd floor) or 2,020 SF (3rd floor) available, with existing third-floor income.
  • High-visibility location in Bonney Lake, easily accessible from Highway 410.
  • Prime suburban location in a rapidly expanding market.
  • Strong demographics supported by a large labor and housing pool.
  • Convenient access to amenities, housing, and major roadways.
  • Diverse tenant mix including office, healthcare, and retail businesses fostering networking opportunities.

Property Details for 18209 Wa-410

Property type
Office properties, Medical offices
Square Feet
32,586 SF
Class
B
Year Built/Renovated
2004/2024
Buildings
1
Stories
3
Lot Size (sq. ft)
60,548 SF
Units
6

Location Insight

City
Bonney Lake
County
Pierce
State
Washington
Latitude
47.17534786
Longitude
-122.1858549
18209 Wa-410, Bonney Lake, Washington

FAQs

What type of property is this?
Office property - 3-Story Medical Office Building, High Visibility
Where is the office property located?
The property is located at 18209 Wa-410 Bonney Lake, WA.
What is the asking price?
The asking price for this property is $8,800,000.
What are key features of this property?
This property features: Owner-occupier opportunity: Up to 21,724 SF (1st & 2nd floor) or 2,020 SF (3rd floor) available, with existing third-floor income.; High-visibility location in Bonney Lake, easily accessible from Highway 410.; Prime suburban location in a rapidly expanding market.
How can I contact the broker?
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18209 Wa-410
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