Puyallup South Hill Assemblage_Property for Sale
Puyallup South Hill Assemblage_Property for Sale
Puyallup, WA, US, Americas

Puyallup South Hill Assemblage

Portfolio description

JLL has been exclusively retained for the sale of the Puyallup South Hill Assemblage (the “Property” or “Site”) in Puyallup, Washington. The Property is currently entitled for 142 multi-housing units, retail, and parking. Centrally located just southeast of Highway 512 in the high-growth submarket of Puyallup and directly adjacent to the region's largest retail hub, anchored by South Hill Mall. Just a few minutes from the nearest Sounder Commuter Rail Station and South Hill Park and Ride, the Property offers ease of access to the region’s most prominent employers. Residents will further benefit from the major redevelopment of the Puyallup Community Center, South Hill Mall, and expansion of Puyallup Tribe’s Emerald Queen Casino.

 

The Site's prime location, just 11 minutes away from Interstate-5 and 2 minutes from Highway 512, provides residents with exceptional access to the region's largest employment hubs in Pierce County and South King County. These include the thriving Kent Valley industrial corridor, Seattle-Tacoma International Airport, Ports of Seattle and Tacoma, as well as the South Seattle industrial corridor. Moreover, the Property offers ideal proximity to some of Puyallup's largest employers, including Multicare Health Systems which employs 1,500 people at its Puyallup location.

 

The Property is situated 2 minutes away from major recreational and retail entertainment destinations, including South Hill Mall, Sheridan Plaza, and Meridian Place. As rental rates in Seattle's close-in and Eastside submarkets continue to climb, many are turning to the area's suburban submarkets, leading to reduced vacancy rates and higher rental prices.

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Attributes

Land area gross
58,277 m²
Number of units
142
Parking spaces
238
Zoning
UCX – Urban Center Mixed Use
Puyallup South Hill Assemblage (4 Properties)
Puyallup South Hill Assemblage (4 Properties)

Media

Investment Highlights

  • In-migration, lack of new supply, and affordability bolster submarket fundamentals
  • Abundance of retail and recreational amenities
  • Strong demographic profile with high propensity to rent
  • Diverse and high-growth demand drivers from distribution, advanced manufacturing, and healthcare
  • Outstanding access to greater Puget Sound region


Puyallup South Hill Assemblage 4_Property for Sale
Puyallup South Hill Assemblage 4_Property for Sale

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Last updated
11 Jul 2024