Property Details

7030 Pacific Ave

Tacoma, WA 98408

$3,710,000

Available

CBA# 711943 courtesy of CBA Listing firm: Kidder Mathews

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I’d like more information about 7030 Pacific Ave, Tacoma, MLS# 711943

Office / Retail

Property Type

29,769

Bldg Sq Ft

Units

1956

Year Built

Property Overview

We are pleased to present the opportunity to acquire Seventy Two Pacific, a 22,996 SF retail center located near the signalized intersection of E 72nd St & Pacific Ave with excellent visibility & traffic exposure, with over 42,000+ vehicles per day.The offering includes two existing buildings, a fully-leased 4-tenant retail center providing immediate cash flow at a 6.75% in-place cap rate, and an adjacent 18,442 SF recently vacant retail building offered well below replacement cost at $105/SF, providing flexibility for an owner-user, value-add investor, or developer.Additionally, permits have been submitted for a 3,000 SF retail building to be constructed on the south end of the parcel, providing future upside.Investment highlights:- Stable In-Place Income & Significant Future Upsi