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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
Recent improvements include a fully painted exterior, updated landscaping, a new front-to-back walk path, and new building signage. In 2024 alone, the property benefited from over $650,000 in capital improvements and updates. Approximately half of the building has been freshly remodeled, including a ±1,800 SF Class B office suite that comes fully furnished with built-in desks and features four private offices, a conference room, and a dedicated storage room.
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/Renovated
1964/2024
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
Walk Score®
Very Walkable (76)
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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MATTERPORT 3D EXTERIOR
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Presented by
C & J Realty LLC
Share Complex | 12202 Pacific Ave S
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