Class-A Office Space
For Sale
Contact for pricing
1015 & 1019 39th Avenue SE, Puyallup, WA 98371
Class-A office space in Puyallup, WA with modern amenities.
Property Size160,000 SF
Price / SF$0.00
Days on Market337
Property Features for 1015 & 1019 39th Avenue SE
General Information
Standard status
Active
Size
160,000 SF
Class
A
Property subtype
Office
Lease Term
NNN
Building Details
Building Size
160,000 SF
Properties For Sale
at 1015 & 1019 39th Avenue SE Contact usSouth Building
Size
104,438 SF
Term
Negotiable
West Building
Size
48,783 SF
Term
Negotiable
Listing Agency:
NAI Puget Sound Properties
Listed By:
Mike George · License #42383
(425) 586-5618
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 16
Last Checked: Oct 23 at 5:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Puget Sound Properties
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Investment Insights
Based on property information with market context.
Available for sale is 160,000 RSF of class-A office space located in Puyallup, WA. The South Building offers up to 104,438 RSF of contiguous space, divisible to 12,553 RSF. The West Building has 48,783 RSF of furnished office space on the first floor, divisible to 24,000 RSF, and is available now. The property is located in South Hill Business & Technology Center, with easy access to South Hill Mall, Pioneer Park, and Bradley Lake Park, offering shopping, dining, and outdoor recreation options. Convenient access to Highway 512 provides accessibility and local amenities for office tenants. The property features new construction with infrastructure and HVAC built to the latest codes. It is a first-generation office space ready for custom build-out, with a newly renovated lobby including hang-out space, gaming, and WiFi. The property has large, flexible floor plates with high ceilings, abundant natural light, and inviting outdoor patio spaces. Move-in ready office space is available with an efficient mix of private offices, meeting rooms, and open space. Premium, modern finishes and fixtures are present throughout each suite, featuring a combination of open and drop ceilings. The park-like suburban campus environment on 86 acres offers outdoor space. The HVAC system is designed with employee health, safety, and comfort in mind, featuring built-in bipolar ionization and MERV-13 filters to improve air quality. An outside patio with WiFi features collaborative and gaming spaces in a green environment. State-of-the-art technology infrastructure includes an on-campus data center and robust global connectivity. Additional land available on-site offers larger tenants the ability to expand up to 700,000 SF. The Sounder Puyallup Train Station is 3.7 miles away. Safe, well-lit, free surface parking is available at a ratio of 4/1,000 RSF, with space available to build additional parking. Abundant retail amenities are nearby, including 100+ stores and restaurants at South Hill Mall, fitness, and medical facilities. On-site amenities include food trucks, walking trails, and direct access to Bradley Lake Park. Separately metered electricity and new energy-efficient HVAC are built to meet the latest 2021 ASHRAE codes. The property is locally owned and managed, with dedicated on-site building engineers.
Key Highlights
- Up to 104,438 RSF of contiguous Class‑A office space available in a newly constructed building.
- Enjoy a park‑like suburban campus environment on 86 acres with outdoor patio spaces, walking trails, and direct access to Bradley Lake Park.
- State‑of‑the‑art technology infrastructure, including on‑campus data center and robust global connectivity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,266,272
Suggested Prices Based on Cap Rates
Cap Rate 5%
$45,325,440
$45.3M
Cap Rate 7%
$32,375,314
$32.4M
Cap Rate 9%
$25,180,800
$25.2M
Market Conditions
NOI Build-Up for 160,000 SF
Gross rent
$3.51M $21.96/SF
− Vacancy
−$491.9K −$3.07/SF
EGI
$3.02M $18.89/SF
− OpEx
−$755.4K −$4.72/SF
NOI
$2.27M $14.16/SF
Area
Pierce County, WA
Vacancy
14.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$45,325,440
Cap Rate 7%
$32,375,314
Cap Rate 9%
$25,180,800
Alternative Uses
Best Use
Office B
$32.38M
$28.33M – $37.77M
NOI $2,266,272 @ 7.0% cap · market cap 9,853,356.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$43.21M
$37.81M – $50.42M
NOI $3,024,998 @ 7.0% cap · market cap 13,152,165.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
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Business Placement
Demographics for 98371, WA
23,965
Population
9,937
Households
2.4
Avg Household Size
41
Median Age
29%
College-Educated
93%
High-School Grad
11.8 sq mi
ZIP Area
2,031
Density / Sq Mi
$97,290
Median Household Income
$53,957
Median Earnings
$1,654
Median Rent
$515,500
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Class-A office space in Puyallup, WA with modern amenities.
Where is this office building located?
The property is located at 1015 & 1019 39th Avenue SE Puyallup, WA.
What are key features of this property?
This property features: Up to 104,438 RSF of contiguous Class‑A office space available in a newly constructed building.; Enjoy a park‑like suburban campus environment on 86 acres with outdoor patio spaces, walking trails, and direct access to Bradley Lake Park.; State‑of‑the‑art technology infrastructure, including on‑campus data center and robust global connectivity.
