Off ering Memorandum - images2.loopnet.com€¦ · Sounder commuter rail. Sound Transit will...

1600 University Street | Suite 2018 | Seattle, WA 98101P 206.623.8880 | E [email protected] | ParagonREA.com

Off ering Memorandum

SUMNER OFFICE AND WAREHOUSE

1504 Fryar AveSumner, WA

Exclusively offered by Paragon Real Estate Advisors

1506

1504


Off ering Summary

Paragon is proud to present the Sumner Offi ce and Warehouse. The Offering is located within the city of Sumner, Washington, in north central Pierce County and is 34 miles south of the Seattle CBD. This offi ce and warehouse opportunity is located minutes away from major freeways, schools, restaurants, shopping, sound transit station, Meeker Mansion, Washington State Fairgrounds, Costco, local farms and all the fun Downtown Sumner can offer.

The Commercial Offi ce and Warehouse building for sale in Sumner offers a street frontage with great visibility. The building is comprised of approximately 817 square feet of offi ce space with an approximately 4,272 square foot warehouse connected to the offi ce. The lot is approximately 33,979 square feet, (.78 Acres). Located in a dense industrial and manufacturing area, the building is a great opportunity for a business in search of offi ce and warehouse space. The building has received recent improvements and the space is ready to be utilized.

The immediate area is a mix of a heavy industrial district, single family homes, apartment communities and schools. Retail strip centers, super markets, gas stations and restaurants are all nearby.

1506 is also available, please call listing broker for details.


Investment Highlights

Recent building improvements

Close to the sound transit station offering bus and train service

Minutes away from Downtown Sumner & Puyallup

Easy street frontage access

Great street visibility

Views of the Puyallup River


Location Highlights

Sumner is located in north central Pierce County and is 34 miles south of Seattle CBD, and 15 miles east of Tacoma. The City of Sumner was established in 1981 and has grown from 531 residents in the year of 1900 to over 9,400 residents as of 2010. Sumner commercial and industrial jobs currently support nearly 9,000 jobs.

In addition to excellent road and highway access to Seattle and Tacoma, Sumner benefi ts from rail links to both via Sounder commuter rail. Sound Transit will improve access to Sumer Station for pedestrians, bicyclists, and drivers. Access improvements for the project include a new parking garage with approximately 623 parking stalls, including sidewalk and lighting improvements. There will also be surface parking expansion to the current parking lot to net a total of 857 stalls. Improvements are expected to be completed by 2021.

MAJOR FREEWAYS

WA 167

WA 512

State Route 40

West Valley Highway


Employment

The subject property is located in a dense industrial and manufacturing area of Sumner, WA. Neighboring businesses include AIM Aerospace, Fleischmann’s Vinegar, Sonoco, Torklift International, Marine View Beverage, Swift Transportation, Pacifi c Northwest Baking Co., Golden State Foods, Sefnco, Sessler, REI, S&C Electric Company, Valuepart, Composite Solutions and Medline among others. Only approximately a mile north is Roadrunner Transportation Systems, Costco Wholesale, DB Schenker and Port Logistics Group. Continuing northward is what is referred to as Kent Valley’s warehouse district, which stretches from Sumner up to the city of Renton.

Sumner encompasses 4,600 acres (7.2 square miles). It has a designated urban service area/urban growth area of approximately 2,000 acres (3.1 square miles). The top industries providing employment in Sumner include manufacturing (16.3%) and retail trade (14%). Agriculture remains important to the local economy, along with manufacturing, wood products production, warehousing and distribution.


Zoning


Improvements

Recent building improvements include new double pane vinyl windows with commercial grade window treatments and a renovated kitchen and bathrooms. The kitchen is furnished with granite counter tops, tile fl oor, dark solid wood cabinets, stainless steel sink, and a GE refrigerator, and an opening for a microwave.

The offi ce space contains two private offi ces, an open reception and conference area. There are two offi ce bathrooms; each has resilient tile fl oors, a porcelain sink and stainless steel faucet. One of the bathrooms has pre-plumbed future sink and urinal locations. The warehouse has a small storage room that contains all of the electrical panels.

The exterior is metal over cinder block, and was painted in 2013. The warehouse has a 10’ commercial grade roller door and a concrete fl oor. The offi ce and warehouse contains two 200 AMP panels with 3 phase power. The offi ce has recessed can lighting, and the warehouse is fl uorescent light. The roof is fl at and the exterior perimeter of the building is outfi tted with fl oodlights.

Parking is located in the front of the building; additional parking is located in back and more parking could be added to the side of the building with modifi cations to the properties existing fence and gate. The property is within walking distance of the Puyallup River.


Building Photos


Floorplans

STORAGE WHSE

4,272OFFICE

817

The information found in this offering memorandum has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.


Executive Summary Offi ce and Warehouse

Address 1504 Fryar Ave Sumner

Year Built 1978/1999

Building Size Offi ce +/- 817, Warehouse +/- 4,272

Land +/- 33,979, .78 Acres

The Property

Price $1,100,000

Price Per Sq Ft $216

Gross Property Area $32.37


Paragon Real Estate Advisors

ABOUT PARAGONParagon Real Estate Advisors is the leading Seattle real estate investment fi rm for multi-family property sales in Washington State. We have accrued over $3 billion in sales and have closed nearly 1,700 successful real estate transactions. We are locally owned, client-focused and highly experienced. When it comes to apartments and investment real estate in the Puget Sound region, we are the smart choice to partner with.

At Paragon, we build long-term partnerships that help our clients reach their long- and short-term real estate investment goals while maintaining maximum profi tability for them. Our brokers have an in-depth knowledge of the Washington state real estate market, particularly in the greater Seattle area and the I-5 corridor, that comes from more than 20 years’ experience in the industry. Paragon’s unique focus on sharing knowledge, teamwork and collaboration within the brokerage industry leverages our collective intellect for all our clients. Our brokers provide superior customer representation through our innovative and effective marketing campaigns, co-brokerage, skilled negotiations, and ongoing partnerships.

The information found in this offering memorandum has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

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