Offering Memorandum SUMNER OFFICE AND WAREHOUSE Fryar Ave Sumner, WA. Exclusively offered by Paragon Real Estate Advisors

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Alvin Neal
6 years ago
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1 Offering Memorandum SUMNER OFFICE AND WAREHOUSE 1504 Fryar Ave Sumner, WA Exclusively offered by Paragon Real Estate Advisors

This office and warehouse opportunity is located minutes away from major freeways, schools, restaurants, shopping, sound transit station, Meeker Mansion, Washington State Fairgrounds, Costco, local

2 Offering Summary Paragon is proud to present the Sumner Office 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 office 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 Office and Warehouse building for sale in Sumner offers a street frontage with great visibility. The building is comprised of approximately 817 square feet of office space with an approximately 4,272 square foot warehouse connected to the office. 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 office 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 is also available, please call listing broker for details. 2

Minutes away from Downtown Sumner & Puyallup Easy street

3 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 3

Location Highlights Sumner is located in north central Pierce County and is 34 miles south of Seattle CBD, and 15

The City of Sumner was established in 1981 and has grown from 531 residents in the year of 1900 to over 9,400

In addition to excellent road and highway access to Seattle and Tacoma, Sumner benefits from rail links to both via

Access improvements for the project include a new parking garage with approximately 623 parking stalls, including

4 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 Sumner commercial and industrial jobs currently support nearly 9,000 jobs. In addition to excellent road and highway access to Seattle and Tacoma, Sumner benefits 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 MAJOR FREEWAYS WA 167 WA 512 State Route 40 West Valley Highway 4

Employment The subject property is located in a dense industrial and manufacturing area

Neighboring businesses include AIM Aerospace, Fleischmann s Vinegar, Sonoco, Torklift

, Golden State Foods, Sefnco, Sessler, REI, S&C Electric Company, Valuepart, Composite

Only approximately a mile north is Roadrunner Transportation Systems, Costco Wholesale,

Continuing northward is what is referred to as Kent Valley s warehouse district, which

5 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, Pacific 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. 5

6 Zoning 6

Improvements Recent building improvements include new double pane vinyl windows with commercial grade window treatments and a renovated kitchen and bathrooms.

The office space contains two private offices, an open reception and conference area.

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 office and warehouse contains two 200 AMP panels with 3 phase power. The office has recessed can lighting, and the warehouse is fluorescent light.

7 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 floor, dark solid wood cabinets, stainless steel sink, and a GE refrigerator, and an opening for a microwave. The office space contains two private offices, an open reception and conference area. There are two office bathrooms; each has resilient tile floors, 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 The warehouse has a 10 commercial grade roller door and a concrete floor. The office and warehouse contains two 200 AMP panels with 3 phase power. The office has recessed can lighting, and the warehouse is fluorescent light. The roof is flat and the exterior perimeter of the building is outfitted with floodlights. 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 modifications to the properties existing fence and gate. The property is within walking distance of the Puyallup River. 7

8 Building Photos 8

Floorplans OFFICE 817 STORAGE WHSE 4,272 The information found in this offering memorandum has been secured from sources we believe to be reliable, but we make no representations or

9 Floorplans OFFICE 817 STORAGE WHSE 4,272 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. 9

Office +/- 817, Warehouse +/- 4,272 Price $1,399,495 Price

10 Executive Summary Office and Warehouse The Property Address 1504 Fryar Ave Sumner Year Built 1978/1999 Building Size Office +/- 817, Warehouse +/- 4,272 Price $1,399,495 Price Per Sq Ft $285 Gross Property Area $41.19 Land +/- 33,979,.78 Acres 10

Paragon Real Estate Advisors ABOUT PARAGON Paragon Real Estate Advisors is the leading Seattle real estate investment firm for multifamily property sales in Washington State.

11 Paragon Real Estate Advisors ABOUT PARAGON Paragon Real Estate Advisors is the leading Seattle real estate investment firm for multifamily 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 profitability 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. 11

PROPERTY OVERVIEW PROPERTY HIGHLIGHTS. 2,340 SF Convenience Store. 3,508 SF Three Unit Strip Center. U-Haul Business. Sunoco Branded Gas Station

PROPERTY OVERVIEW PROPERTY HIGHLIGHTS. 2,340 SF Convenience Store. 3,508 SF Three Unit Strip Center. U-Haul Business. Sunoco Branded Gas Station RETAIL FOR SALE 5990 Asheville Highway, Hendersonville, NC 28791 OFFERING SUMMARY SALE PRICE: $1,350,000 LOT SIZE: 0.75 Acres YEAR BUILT: 1980 BUILDING SIZE: 5,848 SF RENOVATED: 2018 C-2 Commercial ZONING: