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Share Complex 12202 Pacific Ave S 5,938 SF 100% Leased Office Building Tacoma, WA 98444 $2,200,000 ($370.50/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
$2,200,000
Price Per SF
$370.50
Cap Rate
6.76%
NOI
$148,654
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
1 1
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 | $406,800 |
| Land Assessment | $282,600 | Total Assessment | $689,400 |
Property Taxes
Parcel Number
676200-2240
Land Assessment
$282,600
Improvements Assessment
$406,800
Total Assessment
$689,400
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Presented by
C & J Realty LLC
Share Complex | 12202 Pacific Ave S
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