6720 Regents BlvdUniversity Place, WA 98466

Property Details for 6720 Regents Blvd

Year built

1988

Construction

WOOD FRAME

Lot size

1.75 AC

Property size (Sq ft)

13,982 SF

Zone code

C

Property type

Strip malls

Property subtype

Neighborhood centers

APN

6465000020

APU

6465000020

Description

University Place offers a fantastic opportunity for businesses seeking office or retail space at 6720 Regents Blvd, 98466. This property, known as UP Crossing, boasts a total of 21,960 square feet and features a multi-tenant configuration. Two spaces are currently available, providing flexible options ranging from 1,275 to 2,800 square feet, ideal for a variety of businesses. The building's prime location in University Place offers excellent visibility and accessibility. Its strategic placement directly across from the Fircrest Golf Club ensures high foot traffic and a desirable location within the vibrant University Place community. The property's "Traditional Office" subtype suggests a professional and functional layout, suitable for a range of office-based operations or retail ventures. The address is conveniently located in University Place, Washington, providing easy access to local amenities and transportation networks. This presents a unique chance to establish a presence in a thriving area with strong community ties and a desirable location. The available spaces offer the potential for immediate occupancy and customization to suit individual business needs. Interested parties are encouraged to inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $5,561,838

  6.5%

  $5,134,005

  7%

  $4,767,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,448,661

  Geo Method

  $6,785,487

• Alternative Use

  Use

  Valuation

  Residential

  $4,330,725

  Hospitality

  $3,966,921

  Educational

  $3,300,432

  Medical

  $3,413,938

  Retail

  $5,134,005

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.2359

Longitude

-122.527

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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