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Listed by Kidder Mathews Kevin G. Verger
$ 4,780,000
Est. payment | /mo
1.76 Acres Lot
$ 4,780,000
Est. payment | /mo
1.76 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Se Tacoma
MLS Listing ID 2437241
Style 75 - Retail
Year Built 2007
Lot Size 1.755 Acres
Property Sub-Type Commercial Industrial
Property Description
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 $165/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.
Location
State WA
County Pierce
Area 60 - Southeast Tacoma
Interior
Fireplace false
Building
Sewer Available
Water See Remarks
Others
Senior Community No
Acceptable Financing See Remarks
Listing Terms See Remarks
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