6706 24th St W & 6711 Regents Blvd Office FOR SALE


University Place, WA
$1,995,000 USD
253-779-9292
, University Place, WA for Sale
$1,995,000 USD
Office - FOR SALE
1/2
null | 5.31% Cap Rate

6706 24th St W & 6711 Regents Blvd
University Place, WA


HIGHLIGHTS

  • Fully leased investment with long-term tenants
  • Located at a signalized intersection with strong visibility
  • Multiple curb cuts and abundant on-site parking
  • Excellent frontage along Regents Blvd and 24th St W
  • Surrounded by dense residential and retail amenities
  • Strong household income and population growth in area

OVERVIEW

Positioned at a signalized intersection in Tacoma’s University Place submarket, 6706 24th St W and 6711 Regents Blvd offer investors a rare opportunity to acquire two fully leased office buildings with stable income and strong curb appeal. The properties sit on a combined 32,787 SF of land and feature excellent visibility, multiple curb cuts, and abundant parking. Each building is in very good condition, with tenants in place through 2026–2031, providing predictable cash flow and minimal near-term rollover risk. The site benefits from proximity to major arterials including Interstate 5, and is surrounded by a mix of residential neighborhoods, retail centers, and professional services. The area’s demographics are strong, with a projected 2025 average household income of $129,376 within a 3-mile radius and a population exceeding 105,000 within 5 miles. With a cap rate range of 5.25% to 5.75% and estimated values between $1.84M and $2.02M, this offering is priced competitively at $1.995M. The property’s clean site plan, ADA parking, and well-maintained structures make it an ideal fit for investors seeking a turnkey asset in a growing market.

ASK ABOUT THIS PROPERTY

Jerome O'LearyKidder MathewsMore Info
253-779-9292

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Jerome O'LearyKidder MathewsMore Info
253-779-9292

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.