Property profile

4423-4621 Meridian Puyallup, WA 98373

OFF-MARKET
Lifestyle centers
46,903 SF
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Property summary

AI-generated overview

This exceptional retail property, Meridian Place, located at 4423-4621 S Meridian in Puyallup, WA 98373, offers a unique investment opportunity. Situated in Pierce County, this shopping center boasts a total of 46,903 square feet, with 21,371 square feet currently vacant. The property is ideally suited for multiple tenants, with spaces ranging from a minimum of 1,400 square feet to a maximum contiguous space of 16,324 square feet. This flexible layout allows for a variety of retail concepts and business sizes. The property's location in Puyallup, a vibrant city just 35 miles south of Seattle and at the base of Mount Rainier, provides excellent visibility and accessibility. Puyallup's strong economy, fueled by its agricultural heritage and thriving retail sector, including a modern regional medical center, ensures a robust customer base. The city's annual Washington State Fair, attracting over one million attendees, further enhances the area's economic vitality and foot traffic. This presents a compelling opportunity for businesses seeking a prominent location within a dynamic and growing community. The property's significant vacant space offers immediate potential for lease income generation and long-term value appreciation. This is a rare chance to acquire a substantial retail presence in a highly desirable location.

Property profile

Verified
Property type Lifestyle centers
Total area 46,903 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4423-4621 Meridian Puyallup, WA 98373
Puyallup metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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