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Share Complex 12202 Pacific Ave S 5,938 SF 100% Leased Office Building Tacoma, WA 98444 $3,066,976 CAD ($516.50 CAD/SF) 6.76% Cap Rate
Executive Summary
Fully Leased or ±1,822 SF Available — seller willing to lease back or vacate, offering flexibility for investors or owner-users
Approx. 6.75% In-Place Cap Rate with stable, in-place income
Turn-Key Asset — professionally maintained with strong operating history
Over $650,000 in Capital Improvements (2024) — significant recent reinvestment reduces near-term capital risk
Extensively Remodeled Office Space — ±1,800 SF Class B suite, fully furnished with built-in desks, four private offices, conference room, and dedicated storage
Diverse Tenant Mix — minimizes rollover risk and supports long-term stability
Prime Pacific Avenue Corridor Location — excellent visibility and accessibility
Immediate Freeway Access — quick connectivity to Hwy 512 and I-5
Attractive Owner-User or Passive Investment Opportunity with future upside
Approx. 6.75% In-Place Cap Rate with stable, in-place income
Turn-Key Asset — professionally maintained with strong operating history
Over $650,000 in Capital Improvements (2024) — significant recent reinvestment reduces near-term capital risk
Extensively Remodeled Office Space — ±1,800 SF Class B suite, fully furnished with built-in desks, four private offices, conference room, and dedicated storage
Diverse Tenant Mix — minimizes rollover risk and supports long-term stability
Prime Pacific Avenue Corridor Location — excellent visibility and accessibility
Immediate Freeway Access — quick connectivity to Hwy 512 and I-5
Attractive Owner-User or Passive Investment Opportunity with future upside
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
5,938 SF
Building Class
B
Year Built
1964
Price
$3,066,976 CAD
Price Per SF
$516.50 CAD
Cap Rate
6.76%
NOI
$207,236 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,969 SF
Building FAR
0.59
Lot Size
0.23 AC
Zoning
AC
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Daheim Injury LLC
- Administrative and Support Services
- 319 SF
- $34.84 CAD
- Triple Net
- Aug 2028
- Emerald Counseling PLLC
- Health Care and Social Assistance
- 436 SF
- $24.94 CAD
- Triple Net
- Dec 2028
- Frantz Aviation
- Administrative and Support Services
- 883 SF
- $21.26 CAD
- Triple Net
- Oct 2028
- Grunts Roofing LLC
- Construction
- 278 SF
- $49.28 CAD
- Triple Net
- Oct 2028
- North Lights LLC
- Administrative and Support Services
- 450 SF
- $25.64 CAD
- Triple Net
- Apr 2030
- Rosalynn Jones Salon
- Services
- 679 SF
- $15.68 CAD
- Industrial Gross
- May 2026
- Share Investments LLC
- Real Estate
- 1,822 SF
- $60.60 CAD
- Triple Net
- Dec 2030
- Tactical Tailor
- Manufacturing
- 1,071 SF
- $28.10 CAD
- Triple Net
- Feb 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Daheim Injury LLC | Administrative and Support Services | 319 SF | $34.84 CAD | Triple Net | Aug 2028 | |
| Emerald Counseling PLLC | Health Care and Social Assistance | 436 SF | $24.94 CAD | Triple Net | Dec 2028 | |
| Frantz Aviation | Administrative and Support Services | 883 SF | $21.26 CAD | Triple Net | Oct 2028 | |
| Grunts Roofing LLC | Construction | 278 SF | $49.28 CAD | Triple Net | Oct 2028 | |
| North Lights LLC | Administrative and Support Services | 450 SF | $25.64 CAD | Triple Net | Apr 2030 | |
| Rosalynn Jones Salon | Services | 679 SF | $15.68 CAD | Industrial Gross | May 2026 | |
| Share Investments LLC | Real Estate | 1,822 SF | $60.60 CAD | Triple Net | Dec 2030 | |
| Tactical Tailor | Manufacturing | 1,071 SF | $28.10 CAD | Triple Net | Feb 2028 |
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 676200-2240 | Improvements Assessment | $519,016 CAD |
| Land Assessment | $393,967 CAD | Total Assessment | $912,983 CAD |
Property Taxes
Parcel Number
676200-2240
Land Assessment
$393,967 CAD
Improvements Assessment
$519,016 CAD
Total Assessment
$912,983 CAD
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Presented by
C & J Realty LLC
Share Complex | 12202 Pacific Ave S
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