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3802 S Cedar St 30,063 SF 60% Leased Retail Building Tacoma, WA 98409 $4,955,000 ($164.82/SF)
Investment Highlights
- SIGNIFICANT VALUE-ADD UPSIDE
- HIGHLY FUNCTIONAL LAYOUT
- EXPLOSIVE DAYTIME POPULATION DENSITY
- LONG-TERM CREDIT STABILITY
- RARE OWNER-USER OPPORTUNITY
- COMPELLING SUBMARKET FUNDAMENTALS
Executive Summary
The Offering presents a prime opportunity for both investors and owner-users to acquire a highly functional retail-industrial asset within one of the South Puget Sound’s most active commercial corridors. Anchored by Sherwin-Williams, which has occupied the site since 1996, the property provides a stable income foundation with significant value-add potential through the stabilization of its remaining vacant suites.
Property Facts
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Casa Moreno Restaurant
- Accommodation and Food Services
- -
- -
- -
- -
- Cocina Mexicana
- Accommodation and Food Services
- -
- -
- -
- -
- Crystal Voyage LLC
- Services
- -
- $11.00
- Triple Net
- Jan 2019
- Wellnessinspired
- Health Care and Social Assistance
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Casa Moreno Restaurant | Accommodation and Food Services | - | - | - | - | |
| Cocina Mexicana | Accommodation and Food Services | - | - | - | - | |
| Crystal Voyage LLC | Services | - | $11.00 | Triple Net | Jan 2019 | |
| Wellnessinspired | Health Care and Social Assistance | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
11,596 Total Available SF Retail/Office: 3,200 - 8,470 SF Warehouse/Flex: 3,126 SF Dock or Grade Door + Yard High Visibility at S 38th & S Cedar Streets Zoning: Urban Center Mixed Use (UCX STGPD) High Density-Regional Growth Center & Opportunity Zone
11,596 Total Available SF Retail/Office: 3,200 - 8,470 SF Warehouse/Flex: 3,126 SF Dock or Grade Door + Yard High Visibility at S 38th & S Cedar Streets Zoning: Urban Center Mixed Use (UCX STGPD) High Density-Regional Growth Center & Opportunity Zone
| Space | Size | Space Use | Position | Available |
| Retail/Office | 3,200-8,470 SF | Retail | - | Now |
| Warehouse/Flex | 3,126 SF | Flex | - | Now |
Retail/Office
| Size |
| 3,200-8,470 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Warehouse/Flex
| Size |
| 3,126 SF |
| Space Use |
| Flex |
| Position |
| - |
| Available |
| Now |
Retail/Office
| Size | 3,200-8,470 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
11,596 Total Available SF Retail/Office: 3,200 - 8,470 SF Warehouse/Flex: 3,126 SF Dock or Grade Door + Yard High Visibility at S 38th & S Cedar Streets Zoning: Urban Center Mixed Use (UCX STGPD) High Density-Regional Growth Center & Opportunity Zone
Warehouse/Flex
| Size | 3,126 SF |
| Space Use | Flex |
| Position | - |
| Available | Now |
11,596 Total Available SF Retail/Office: 3,200 - 8,470 SF Warehouse/Flex: 3,126 SF Dock or Grade Door + Yard High Visibility at S 38th & S Cedar Streets Zoning: Urban Center Mixed Use (UCX STGPD) High Density-Regional Growth Center & Opportunity Zone
Nearby Major Retailers
Property Taxes
| Parcel Number | 971000-1651 | Improvements Assessment | $1,286,700 |
| Land Assessment | $2,599,900 | Total Assessment | $3,886,600 |
Property Taxes
Presented by
3802 S Cedar St
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