1420 Meridian Ave E
Milton WA 98354
Surprise Lake Plaza
1420 Meridian Ave E Milton WA 98354
Listing #: 710870 | Status: Pending | Last Modified: 4/27/2026 |
For Sale
- Phone:(206) 790-5505
- Email:mherman@northmarq.com
- Office Name:Northmarq Commercial, LLC
- Office Phone:(206) 693-2239
- Office Website:
- Agent Phone:(206) 584-6195
- Agent Email:Rvara@northmarq.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,600,000.0
- $/SF$ 218.4
- Listing StatusPending
- Days on Market33
- Asset ClassRetail, High Tech-Flex
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 5.20 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings2
- # of Floors1
- # of Units8
- # of Elevators
- Clearance Height Min0
- Clearance Height Max
- Bay Depth
- Total Building SF16480
- Net Rentable Area8480
- Total Office SF8480
- Largest Contiguous SF
- Lot SF108464
- Acres2.49
- Property TypeOffice
- Office TypeOther
- Building ClassC
- CountyPierce
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaMilton
- Tax ID #0420044032
- Additional Parcels
- ZoningM-1
- # Covered Spaces0
- # Uncovered Spaces60
- Total Parking Spots60
- Parking Ratio
- Year Built1977
- Year Renovated1985
- Completion Date
- Roof Type
- Construction TypeMasonry
Surprise Lake Plaza
We are proud to present the exclusive opportunity to acquire Surprise Lake Plaza, a high-visibility multi-tenant asset located at 1420 Meridian Ave E in Milton, WA. The property features two commercial buildings totaling 16,480 square feet situated on a substantial 2.49-acre lot. This versatile asset accommodates a wide array of commercial uses—including retail, office, and industrial—providing an investor with exceptional flexibility in tenanting and long-term positioning. Anchored by Dill Animal Hospital, which recently signed a 10-year lease, the property offers reliable income security while a new owner executes on value-add strategies. With a tenant roster currently paying below-market rents and near-term lease expirations in other suites providing a clear path to capturing market rat
Easy access from Federal Way, Puyallup, Fife, Algona, Pacific.
Medical/Dental, Mixed-Use, Multi-Tenant
