Office•Office Building•For Sale

Mixed Use Office Retail Pacific Avenue-Tacoma

11006 Pacific Ave S, Tacoma, Washington 98444

Sale Price $2,100,000
Sale Type Investment
Zoning CMUD
Bldg Type Multi-Tenant
Class C
Year Built 1958
Year Renovated 1975
Stories 2
Cap Rate 5.66%
Vacancy 85%
Gross Bldg 11,103 SqFt
Land Area 2.56 Acres
Net Op Inc $118,877.91
Market Seattle
Sub-Market Tacoma
50- Yard line location, situated just south of SR 512 and north of 112th st on Pacific Ave. Next door to McDonald's and QFC shopping center, high traffic counts of +/- 126,000 CPD (Pacific Ave & HWY 512 intersection). Good income, with great income potential, by re-tenanting and/or tightening up lease agreements. 2 parcels include 3 buildings and PLENTY of parking. Pacific Pride is one tenant on it's own parcel and the remaining tenants are on the back parcel, tenants are all long term tenants and have a strong desire to stay. Other opportunities include a redevelopment play with the CMUD (Pierce County) zoning. Great signage and visibility from both HWY 512 and Pacific Ave. From I-5 take WA-512E to WA-7 S/Pacific Ave S Use right two lanes to turn right onto WA-7 S/ Pacific Ave S Turn right into shopping center
6/12/2019 7:23:00 PM 6/12/2019 7:23:00 PM

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