5801 Soundview DrGig Harbor, WA 98335

Property Details for 5801 Soundview Dr

Year built

1998

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.36 AC

Property size (Sq ft)

37,860 SF

Zone code

RB-1

Property type

Office properties

Property subtype

Other office properties

APN

7580000999

APU

7580000999

Description

This exceptional Class A medical office building, located at 5801 Soundview Drive in Pierce County, offers multiple suites for lease. The property boasts beautiful finishes and landscaping, creating a professional and welcoming environment for medical practices. Currently, there are five available spaces ranging from 1,282 to 2,885 square feet. A shared on-site kitchen adds convenience for tenants. The building enjoys a highly desirable location, conveniently situated off Highway 16 and in close proximity to Olympic Drive retail amenities. This ensures easy access for both patients and staff. The building is professionally managed by Rush Properties, guaranteeing efficient and reliable building operations. Virtual tours are available for Suites 100, 150, 50C, and 50A, showcasing the high-quality finishes and spacious layouts. A total of 942 square feet is currently vacant, offering a flexible opportunity for various medical practices to establish or expand their operations in this thriving area. The building's convenient location and professional management make it an ideal choice for medical professionals seeking a premier office space. Inquire today to learn more about leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $10,245,009

  6.5%

  $9,456,932

  7%

  $8,781,436

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,152,687

  Geo Method

  $7,291,079

• Alternative Use

  Use

  Valuation

  Residential

  $11,726,595

  Hospitality

  $10,741,498

  Educational

  $8,936,800

  Medical

  $9,244,151

  Retail

  $13,901,689

Location Insight

City

Gig Harbor

County

Pierce

State

Washington

Latitude

47.3111

Longitude

-122.578

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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