sold

Listings/Alder Walk

Alder Walk

Sold Price: $21,250,000

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Property Details

Address
7722 176th St E
City
Puyallup
Neighborhood
Frederickson
Year Built
2022
No. of Units
78
Avg. Unit Size
843 SF
NRSF
65,724 SF
Site Area
5.178 Acres
Parcel No.
419326020
Developer
Terrene Homes

Sale Details

Sale Date
July 12, 2024
Sale Price
$21,250,000
Price Per Unit
$272,400
Cap Rate
5.2%

Opportunity

HIGHLIGHTS

  • EXCELLENT TENANT AMENITIES
  • MODERN, HIGH-QUALITY CONSTRUCTION + FINISHES
  • LARGE, SPACIOUS ONE- & TWO-BEDROOM UNITS
  • IDYLLIC SUBURBAN LOCATION WITH CONVENIENT ACCESS TO URBAN AMENITIES AND A THRIVING INDUSTRIAL EMPLOYMENT HUB

Unit Features

In-Unit Washer & Dryer
Modern, High-End Flooring & Finishes
Stainless Steel Appliances
Dishwasher
Quartz Countertops
10-Foot Ceilings
Walk-In Master Closets

Community Amenities

Community Clubhouse
Community Kitchen
Fitness Room
Dog Run
Outdoor Walking & Exercise Trails
Outdoor Tables & Grilling Space
Playground Structure
Parking

Location

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Alder Walk

7722 176th St E
Puyallup, WA 98375
Units: 78
Price: $21,250,000

About the Area

FREDERICKSON IS A RISING RESIDENTIAL HOTSPOT, driven by a thriving industrial sector attracting both businesses and residents seeking a vibrant community with abundant job opportunities and modern amenities.

Frederickson, WA, is a dynamic and rapidly growing suburban community in Pierce County. A key feature of the community is the Frederickson Employment Center, which is the largest designated industrial area in unincorporated Pierce County and designated as a regional Manufacturing and Industrial Center (MIC).   This major hub for manufacturing and distribution has seen an explosion in growth in recent years, with over 5.5 million SF of industrial space delivered since 2020, creating thousands of jobs in the process. This period of growth has transformed the area from a quiet, rural community to an active suburban community of over 29,000 people

FREDERICKSON SCHOOL DISTRICT

0.4 Miles

CANYON CROSSING SHOPPING CENTER

1.2 Miles

FREDERICKSON EMPLOYMENT CENTER

1.3 Miles

SUNRISE VILLAGE SHOPPING CENTER

2.8 Miles

JOINT BASE LEWIS-MCCHORD

5 miles

SOUTH HILL MALL

6 Miles

DOWNTOWN TACOMA

15 Miles

Contact Us

Exclusive Listing Brokers

Call/Text: 206.414.8575

Call/Text: 206.665.3272