Tacoma · Commercial sale
Meridian East Properties buys 12811 Meridian E in South Hill for $5.92 million
A retail building at 12811 Meridian E, South Hill sold for $5,924,747 on August 25, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $5,924,747
- Sold
- August 25, 2026
- Property type
- Retail building
- Building area
- 16,750 sq ft
- Price per sq ft
- $354
- Year built
- 1999
The retail building at 12811 Meridian E in South Hill sold for $5,924,747, 31% above its recorded market value of $4,511,200, according to the Pierce County Assessor-Treasurer's sales records.
The sale closed August 25, 2026, according to the sales records. The record lists SPS I LLC as the seller and Meridian East Properties LLC as the buyer.
Assessor's records show 16,750 square feet of building area, a 1999 construction date and a 1.85-acre lot. At that size, the price works out to $354 per square foot.
What this sale costs to close
What does closing cost at this price? Under Pierce County custom the seller's larger charges are $146,817.41 for the state real estate excise tax (graduated) and $29,623.74 for the local real estate excise tax (0.50%). The seller's estimated net is $5,700,336 before brokerage commissions and any loan payoff. A cash buyer would need about $5,891,128 at closing.
Source: Pierce County Assessor-Treasurer, sales data downloads, document 4697996. Property details: Pierce County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
