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1006 Fryar Ave - 1006 Fryar Office Building 6,725 SF Office Condo Unit Offered at $1,499,000 in Sumner, WA 98390
INVESTMENT HIGHLIGHTS
- Lots of natural light
- Owner user opportunity
- Medical and professional office campus
EXECUTIVE SUMMARY
Professional office building on the corner of Cannery Way and Fryer Ave in Sumner WA. Great visibility and signage exposure facing Cannery Rd. The building has three floors, and has three tenants. One office is vacant and available for an owner occupant. There are 24 common area parking spaces in front, including 8 dedicated spaces. Mature landscaping with meandering sidewalks gives this property added curb appeal.
PROPERTY FACTS
| Total Building Size | 6,725 SF | Typical Floor Size | 3,398 SF |
| Property Type | Office (Condo) | Year Built | 1980 |
| Building Class | B | Lot Size | 0.29 AC |
| Floors | 3 | Parking Ratio | 2.68/1,000 SF |
| Zoning | GC - General Commercial | ||
| Total Building Size | 6,725 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 3,398 SF |
| Year Built | 1980 |
| Lot Size | 0.29 AC |
| Parking Ratio | 2.68/1,000 SF |
| Zoning | GC - General Commercial |
1 UNIT AVAILABLE
Unit D
| Unit Size | 6,725 SF | Sale Type | Investment or Owner User |
| Price | $1,499,000 | Cap Rate | 7.00% |
| Price Per SF | $222.90 | NOI | $104,930 |
| Condo Use | Office | APN/Parcel ID | 042024-7011 |
| Unit Size | 6,725 SF |
| Price | $1,499,000 |
| Price Per SF | $222.90 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.00% |
| NOI | $104,930 |
| APN/Parcel ID | 042024-7011 |
DESCRIPTION
Well-maintained office condo on 3 floors. 1,847 SF footprint with a total of 6,925 RSF. Tenanted by 4 professional businesses including the current owner. Ideal opportunity for an owner user. Front and rear entrances for easy access, and ample storage on lower level.
MAJOR TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| CHS NW |
-
|
May 2022
|
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1006 Fryar Ave - 1006 Fryar Office Building
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