PUYALLUP, WA -– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for the South Meridian Retail Center, a 32,702-square foot retail assetcenter in Puyallup, WA.The listing price of $12.2 million represents $373 per square foot.
Joel Deis, Michael Morgan, Joshua MNelson and Chris Secreto, all investment specialists in the Seattle office of Marcus & Millichap, are representing the seller, South Meridian Properties LLC.
“This property presents a is a rare opportunity for an investor to acquire a turn keyturn key asset featuringwith below- market rents in one of the most sought-after regions of the state.
The property also benefits from the most sought after and stable retail market in which it is locateds,” says Secreto.
Located at 18710 Meridian Ave. East, the retail center is situated on a 5.35-acre lot, boasting 618 feet of fron
tage on Meridian Avenue East and traffic counts in excess of 35,000 cars per day. Residential developers are expected to deliver more than 5,000 new homes to the immediate area during the next two years.Built in 2006, the retail center features a strong mix of local, regional and national tenants, including Destination Harley-Davidson, Gotta Store It/Mail It, Malibu Tanning, Pizza Hut, Rainier Family Physical Therapy, The Gun Shop and Windermere Real Estate.
Press Contact: Stacey CorsoCommunications Department
(925) 953-1716
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