HUNT WOLLOCHET BUSINESS PARK
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1 FOR SALE rd Ave Ct NW Gig Harbor, WA HUNT WOLLOCHET BUSINESS PARK Lisa Tallman Jamie Macumber First Western Properties Tacoma Inc Tacoma Mall Blvd, Tacoma, WA fwp-inc.com
2 HUNT WOLLOCHET BUSINESS PARK consists of four multitenant buildings totaling 33,796 square feet of existing buildings on over nine acres. Nestled in the heart of Gig Harbor, Hunt Wollochet Business Park has great access to Highway 16, Downtown Gig Harbor, as well as a diverse group of restaurants and major retailers. TENANTS RD AVE CT NW: For Sale: $3,950,000 First Time Offered For Sale -Four existing buildings (100% Leased!) Rare Investment Opportunity available in Gig Harbor! SUMMARY Located in the heart of Gig Harbor off of the Wollochet interchange & HWY 16. Zoned RB - 2 Potential for additional development Additional Development Land includes approx. 196,020 SF valued at $8.50/SF Tremendous upside potential Regis Population Average HH Income Daytime Population Mile 1 Mile 3 Mile 5 6,365 $108,840 6,319 27,246 $126,258 23,629 62,944 $125,614 42,368
3 LOCATION DETAILS Located moments from Highway 16 Located in the heart of Gig Harbor 13,000 CPD Wollochet Dr NW 6,000 CPD Hunt St NW
4 LOCATION AERIAL
5 Suite SF Tenant Parcel Bulding Built in 1992 Unit A 1,028 Sample Sale Unit B 870 Sample Sale Unit C 2,480 Dr. Ostheller Unit D 1,605 Dr. Ostheller - Lower Level Parcel Building Built in 1991 PARCEL Suite 201 1,988 Pilates Body / Fit Lab Suite 202 1,408 Pilates Body / Fit Lab Suite 203 1,348 Warrior Martial Arts SITE PLAN Suite 204 1,998 David Herron / Fit Lab by Crossfit Lower Level Suites 1&2 1,080 Johnson / NW Masonry Suites 3&4 1,080 Tripp Construction Suites 5&6 1,080 Shad Gates / David Slezak Suites ,380 Rampp Parcel Building Built in 1994 Unit A-D 6,681 Subway Development PARCEL PARCEL Lower Level Suites 1-8 4,390 Sample Sale Suites David Herron / Crossfit Parcel Building Built in ,180 Contractor s Roof Service Parcel Land PARCEL PARCEL ,130 Vacant Land
6 PROFORMA TENANTS/PARCELS Parcel Office/Warehouse Parcel Office/Warehouse Lower Level Parcel Office/Warehouse Lower Level INCOME Price Per Monthly Sq. Ft. Sq. Ft. Rent TOTAL Unit A - Sample Sale 1,028 $6.80 $ $6,990 Unit B - Sample Sale 870 $6.80 $ $5,916 Unit C - Dr. Ostheller 2,480 $13.84 $2, $34,332 Unit D - Dr. Ostheller - Lower Level 1,605 $0.37 $50.00 $600 Suite Pilates Body 1,988 $7.42 $1, $14,760 Suite Pilates Body 1,408 $10.48 $1, $14,760 Suite Warrior Martial Arts 1,348 $9.75 $1, $13,140 Suite David Herron 1,998 $8.98 $1, $17,940 Suite(s) 1 & 2 - Johnson 1,080 $4.89 $ $5,280 Suite(s) 3 & 4 - Tripp Construction 1,080 $5.11 $ $5,520 Suite(s) 5 & 6 - Shad Gates / David Slezak 1,080 $2.56 $ $2,760 Suite(s) 7, 8, 9 & 10 - Rampp 2,380 $5.02 $ $11,940 Unit A, B, C, D - Subway Development 6,681 $7.47 $4, $49,884 Suite(s) 1,2, 3, 4, 5, 6, 7, & 8 - Sample Sale 4,390 $6.80 $2, $29,852 Suite(s) 9 & 10 1,366 $5.58 $ $7,620 Additional Land Value - Potential for Development 196,020 $5.50 Parcel Office/Warehouse Contractor's Roof Service 3,180 $11.70 $3, $37,200 TOTAL 229,982 $21, $258,494 Monthly GROSS INCOME Rent TOTAL Suites $21, $258,494 Less Vacancy Factor $0.00 $0.00 Total Gross Income $21, $258,494 Less Expenses* $108,339 * Expenses are based on 2017 projections NET OPERATING INCOME $150,155
7 CITY SUMMARY GIG HARBOR, WA is both a bay on the Puget Sound and a harbor town that has been named one of the Smithsonian Magazines Top Five Small Towns for culture, heritage and charm. Its unique location, close to metropolitan centers, yet positioned on a quiet, beautiful and historic peninsula - provides visitors and residents with excellent site-seeing, history, culture, dining, shopping and more.
8 TACOMA KIRKLAND PORTLAND RESULTS DRIVEN. LISA TALLMAN JAMIE MACUMBER First Western Properties Tacoma Inc Tacoma Mall Blvd, Tacoma, WA fwp-inc.com First Western Properties, Inc. DISCLAIMER: The above information has been secured from sources believed to be reliable, however, no representations are made to its accuracy. Prospective tenants or buyers should consult their professional advisors and conduct their own independent investigation. Properties are subject to change in price and/or availability without notice.
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