12020 MeridianPuyallup, WA 98373

  • Retail space
  • 5,000 SF
For Lease
$20/SF/YR View listing

Property Details for 12020 Meridian

Year built
1981
Construction
WOOD FRAME
Lot size
0.67 AC
Property size (Sq ft)
5,000 SF
Zone code
CC
Property type
Retail space
APN
6901520020
APU
6901520020

Description

Plaza II, located at 12020 Meridian E in Puyallup, WA 98373, offers exceptional executive office space for lease. This 7,572 square foot building is currently fully vacant, presenting a unique opportunity for a single tenant or multiple tenants seeking contiguous space. The property is classified as both retail and office, offering versatile options for businesses of various sizes. Three spaces are immediately available, ranging from a minimum of 1,606 square feet to a maximum contiguous space of 3,840 square feet. The building's location in Pierce County provides convenient access to major transportation routes and amenities. The entire 7,572 square feet is available for lease, allowing for significant customization and flexibility to suit a variety of business needs. This is an ideal location for businesses seeking a prominent presence in the thriving Puyallup market. The property's executive office subtype suggests a high-quality build-out and professional atmosphere. Interested parties are encouraged to inquire about lease terms and explore the possibilities of establishing their business in this well-situated and readily available space. The property is situated at latitude 47.1464118 and longitude -122.2936352.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,988,928
    6.5%
    $1,835,934
    7%
    $1,704,796
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,378,866
    Geo Method
    $2,426,508
  • Alternative Use

    Use
    Valuation
    Residential
    $1,548,679
    Hospitality
    $1,418,581
    Educational
    $1,180,243
    Medical
    $1,220,833
    Retail
    $1,835,934
12020 Meridian, Puyallup, Washington

Location Insight

City
Puyallup
County
Pierce
State
Washington
Latitude
47.1466
Longitude
-122.293
CBSA code
42660
CBSA name
SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$15,158
$1,148,300
$124,500
$1,272,800
-
$1,148,300
$124,500
$1,272,800

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