9124 Gravelly Lake Dr Lakewood, WA 98499
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Prime Lakewood office, 3,885 SF, 6.5% cap rate.
Property size:
3,885 SFProperty Features for 9124 Gravelly Lake Dr
General Information
- Property type
- Medical offices
- Square Feet
- 3,885 SF
- Class
- B
Building Details
- Year Built/Renovated
- 1986/1988
- Stories
- 1
- Units
- 1
Listing Agency: Windermere Professional Partners- Narrows Listing Agent: Brent Tornquist
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 3,885-square-foot office building, located at 9124 Gravelly Lake Dr SW in Lakewood, Washington, presents a compelling investment opportunity. The property, built in 1986 and renovated in 1988, boasts a Class B designation and is currently 100% occupied under a NNN lease. The single-tenant building sits on a 15,008-square-foot lot and features attractive finishes and recently upgraded HVAC systems. Its strategic location offers incredible access and visibility, benefiting from high traffic counts exceeding 20,000 vehicles daily on Bridgeport Way and Gravelly Lake Drive. Monument signage and access are available on both major roadways, enhancing its marketing potential. The property includes ample parking secured by a cross-parking easement. The building is zoned for commercial and office use and comprises three office suites, offering flexibility for multiple uses or tenants should vacancies arise. An adjacent building at 9307 Bridgeport Way SW is also available for sale, presenting the possibility of a campus-style development. The asking price is $1,200,000, with seller financing potentially negotiable. The property's APN is 5130001380.
Property Profile
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Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Pierce
- State
- Washington
- Longitude
- -122.5174067
- Latitude
- 47.1732515
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FAQs
What type of property is this?
Medical office - Prime Lakewood office, 3,885 SF, 6.5% cap rate.
Where is this medical office located?
The property is located at 9124 Gravelly Lake Dr Lakewood, WA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,885 SF office building in Lakewood, WA, on a 15,008 SF lot.; Class B building, built in 1986, renovated in 1988, currently 100% occupied under a NNN lease.; High visibility location with over 20,000 vehicles daily on nearby major roadways, offering monument signage opportunities.