FOR SALE 6405-6521 43 rd Ave Ct NW Gig Harbor, WA 98335 HUNT WOLLOCHET BUSINESS PARK Lisa Tallman Jamie Macumber First Western Properties Tacoma Inc. 253.472.0404 6402 Tacoma Mall Blvd, Tacoma, WA 98409 fwp-inc.com
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 6405-6521 43 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 - 2018 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
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
LOCATION AERIAL
Suite SF Tenant Parcel 4000260010 - 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 4000260020 - Building Built in 1991 PARCEL 4000260030 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 7-10 2,380 Rampp Parcel 4000260030 - Building Built in 1994 Unit A-D 6,681 Subway Development PARCEL 0221074064 PARCEL 4000260020 Lower Level Suites 1-8 4,390 Sample Sale Suites 9-10 960 David Herron / Crossfit Parcel 0221074063 - Building Built in 1993 3,180 Contractor s Roof Service Parcel 0221074064 - Land PARCEL 0221074063 PARCEL 4000260010 32,130 Vacant Land
PROFORMA TENANTS/PARCELS Parcel 4000260010 Office/Warehouse Parcel 4000260020 Office/Warehouse Lower Level Parcel 4000260030 Office/Warehouse Lower Level INCOME Price Per Monthly Sq. Ft. Sq. Ft. Rent TOTAL Unit A - Sample Sale 1,028 $6.80 $582.53 $6,990 Unit B - Sample Sale 870 $6.80 $493.00 $5,916 Unit C - Dr. Ostheller 2,480 $13.84 $2,861.00 $34,332 Unit D - Dr. Ostheller - Lower Level 1,605 $0.37 $50.00 $600 Suite 201 - Pilates Body 1,988 $7.42 $1,230.00 $14,760 Suite 202 - Pilates Body 1,408 $10.48 $1,230.00 $14,760 Suite 203 - Warrior Martial Arts 1,348 $9.75 $1,095.00 $13,140 Suite 204 - David Herron 1,998 $8.98 $1,495.00 $17,940 Suite(s) 1 & 2 - Johnson 1,080 $4.89 $440.00 $5,280 Suite(s) 3 & 4 - Tripp Construction 1,080 $5.11 $460.00 $5,520 Suite(s) 5 & 6 - Shad Gates / David Slezak 1,080 $2.56 $230.00 $2,760 Suite(s) 7, 8, 9 & 10 - Rampp 2,380 $5.02 $995.00 $11,940 Unit A, B, C, D - Subway Development 6,681 $7.47 $4,157.00 $49,884 Suite(s) 1,2, 3, 4, 5, 6, 7, & 8 - Sample Sale 4,390 $6.80 $2,487.67 $29,852 Suite(s) 9 & 10 1,366 $5.58 $635.00 $7,620 Additional Land Value - Potential for Development 196,020 $5.50 Parcel 221074063 Office/Warehouse Contractor's Roof Service 3,180 $11.70 $3,100.00 $37,200 TOTAL 229,982 $21,541.20 $258,494 Monthly GROSS INCOME Rent TOTAL Suites $21,412.20 $258,494 Less Vacancy Factor $0.00 $0.00 Total Gross Income $21,412.20 $258,494 Less Expenses* $108,339 * Expenses are based on 2017 projections NET OPERATING INCOME $150,155
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.
TACOMA KIRKLAND PORTLAND RESULTS DRIVEN. LISA TALLMAN 253.471.5504 lisa@firstwesternproperties.com JAMIE MACUMBER 253.284.3649 jamie@firstwesternproperties.com First Western Properties Tacoma Inc. 253.472.0404 6402 Tacoma Mall Blvd, Tacoma, WA 98409 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.