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13818 Pacific Ave S 11,808 SF 69% Leased Retail Building Tacoma, WA 98444 $5,271,706 CAD ($446.45 CAD/SF) 6.82% Cap Rate
INVESTMENT HIGHLIGHTS
- One vacant space creates value-add or owner-user opportunity
- All current tenants are on a NNN lease structure with minimal landlord responsibilities
- High quality 2011 construction
- Current tenancy features long-term, stable medical service tenants
- Rental rates are well within market for Class A medical space in Tacoma area
EXECUTIVE SUMMARY
Kidder Mathews is pleased to present the opportunity to acquire a Pacific Place South, a multi-tenant medical center located in Parkland, WA.
The center features high quality 2011 construction and is currently occupied by stable, long term medical tenants operating on NNN leases. The one vacant space creates a value add or owner-user opportunity.
The center features high quality 2011 construction and is currently occupied by stable, long term medical tenants operating on NNN leases. The one vacant space creates a value add or owner-user opportunity.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
11,808 SF
Building Class
B
Year Built
2011
Price
$5,271,706 CAD
Price Per SF
$446.45 CAD
Cap Rate
6.82%
NOI
$359,530 CAD
Percent Leased
69%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.03 AC
Opportunity Zone
Yes
Zoning
CR
Parking
44 Spaces (3.73 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 713000-0090 | Improvements Assessment | $2,665,539 CAD |
| Land Assessment | $1,076,423 CAD | Total Assessment | $3,741,962 CAD |
PROPERTY TAXES
Parcel Number
713000-0090
Land Assessment
$1,076,423 CAD
Improvements Assessment
$2,665,539 CAD
Total Assessment
$3,741,962 CAD
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13818 Pacific Ave S
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