6706 24th St W & 6711 Regents Blvd 2 Office Properties Offered at $1,995,000 in University Place, WA

Positioned at a signalized intersection in Tacoma’s University Place submarket, 6706 24th St W and 6711 Regents Blvd offer investors a rare opportunity to acquire two fully leased office buildings with stable income and strong curb appeal. The properties sit on a combined 32,787 SF of land and feature excellent visibility, multiple curb cuts, and abundant parking. Each building is in very good condition, with tenants in place through 2026–2031, providing predictable cash flow and minimal near-term rollover risk.
The site benefits from proximity to major arterials including Interstate 5, and is surrounded by a mix of residential neighborhoods, retail centers, and professional services. The area’s demographics are strong, with a projected 2025 average household income of $129,376 within a 3-mile radius and a population exceeding 105,000 within 5 miles.
With a cap rate range of 5.25% to 5.75% and estimated values between $1.84M and $2.02M, this offering is priced competitively at $1.995M. The property’s clean site plan, ADA parking, and well-maintained structures make it an ideal fit for investors seeking a turnkey asset in a growing market.