11904 Meridian Ave E | Puyallup, WA 98373
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- LoopNet Team
11904 Meridian Ave E
Puyallup, WA 98373
Meridian Square Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Tremendous historical occupancy of 18.4 years, demonstrating the unmatched stability of the tenants.
- Desirable near-term upside from the lease-up of vacant space and increasing below-market rents.
- Strong surrounding retail leasing market with an average market rent of $25.64 and 3.2% vacancy within a one mile radius.
- Prime location in one of the top retail corridors in Washington that boasts some of the strongest performing stores in the State.
- Excellent anchors in Goodyear Tire and Kitsap Credit Union, providing prominent brand recognition to the center.
- Located at a high-traffic, signalized intersection with 43,700 VPD, providing prominent visibility and accessibility.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,081 SF
Building Class
B
Year Built
1984
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
2.10 AC
Zoning
MUC, Puyallup
Parking
24 Spaces (3.32 Spaces per 1,000 SF Leased)
Frontage
56’ on Meridian Ave E
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 432000-1393 | Improvements Assessment | $987,400 |
| Land Assessment | $3,069,000 | Total Assessment | $4,056,400 |
PROPERTY TAXES
Parcel Number
432000-1393
Land Assessment
$3,069,000
Improvements Assessment
$987,400
Total Assessment
$4,056,400
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