For Sale
$1,200,000

9124 Gravelly Lake DrLakewood, WA 98499

Prime Lakewood office, 3,885 SF, 6.5% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 3,885-square-foot office building, located at 9124 Gravelly Lake Dr SW in Lakewood, Washington, presents a compelling investment opportunity. The property, built in 1986 and renovated in 1988, boasts a Class B designation and is currently 100% occupied under a NNN lease. The single-tenant building sits on a 15,008-square-foot lot and features attractive finishes and recently upgraded HVAC systems. Its strategic location offers incredible access and visibility, benefiting from high traffic counts exceeding 20,000 vehicles daily on Bridgeport Way and Gravelly Lake Drive. Monument signage and access are available on both major roadways, enhancing its marketing potential. The property includes ample parking secured by a cross-parking easement. The building is zoned for commercial and office use and comprises three office suites, offering flexibility for multiple uses or tenants should vacancies arise. An adjacent building at 9307 Bridgeport Way SW is also available for sale, presenting the possibility of a campus-style development. The asking price is $1,200,000, with seller financing potentially negotiable. The property's APN is 5130001380.

Highlights

  • 3,885 SF office building in Lakewood, WA, on a 15,008 SF lot.
  • Class B building, built in 1986, renovated in 1988, currently 100% occupied under a NNN lease.
  • High visibility location with over 20,000 vehicles daily on nearby major roadways, offering monument signage opportunities.
  • Ample parking with cross-parking easement. Zoned for commercial/office use; three suites offer flexibility.
  • Asking price: $1,200,000; seller financing may be negotiable. APN: 5130001380.

Property Details for 9124 Gravelly Lake Dr

Property type
Office properties, Medical offices
Square Feet
3,885 SF
Class
B
Year Built/Renovated
1986/1988
Stories
1
Units
1

Location Insight

City
Lakewood
County
Pierce
State
Washington
Latitude
47.1732515
Longitude
-122.5174067
9124 Gravelly Lake Dr, Lakewood, Washington

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9124 Gravelly Lake Dr
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