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5001 112th St E - Single Tenant Net-Leased Commercial Asset 11,675 SF Health Care Building Offered at $3,502,500 at a 6.75% Cap Rate in Tacoma, WA 98446
Executive Summary
5001 112th St E presents investors with the opportunity to acquire a stabilized, income-producing commercial asset located in the rapidly growing Parkland/Tacoma submarket of Pierce County.
The property is currently occupied by an established commercial tenant, providing immediate in-place cash flow and eliminating initial lease-up risk. This offering is ideal for investors seeking passive income through a single-tenant net-leased or modified-gross commercial investment in a strong suburban corridor with continued residential and commercial expansion.
Strategically positioned along 112th Street E with convenient access to Pacific Ave S (SR-7), the property benefits from strong daily traffic counts, surrounding residential density, and proximity to Joint Base Lewis-McChord (JBLM), one of the region’s largest employment centers.
Additional Notes: 3% annual increases; Lease in place through 12/18/2030; Two, 5-year options to renew; Tenant willing to discuss longer term early renewal
The property is currently occupied by an established commercial tenant, providing immediate in-place cash flow and eliminating initial lease-up risk. This offering is ideal for investors seeking passive income through a single-tenant net-leased or modified-gross commercial investment in a strong suburban corridor with continued residential and commercial expansion.
Strategically positioned along 112th Street E with convenient access to Pacific Ave S (SR-7), the property benefits from strong daily traffic counts, surrounding residential density, and proximity to Joint Base Lewis-McChord (JBLM), one of the region’s largest employment centers.
Additional Notes: 3% annual increases; Lease in place through 12/18/2030; Two, 5-year options to renew; Tenant willing to discuss longer term early renewal
Property Facts
| Price | $3,502,500 | Lot Size | 1.05 AC |
| Price Per Bed | $175,125 | Building Size | 11,675 SF |
| Sale Type | Investment | No. Beds | 20 |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 1995 |
| Property Subtype | Hospital | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.88/1,000 SF |
| Zoning | CC, Pierce | ||
| Price | $3,502,500 |
| Price Per Bed | $175,125 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Health Care |
| Property Subtype | Hospital |
| Building Class | C |
| Lot Size | 1.05 AC |
| Building Size | 11,675 SF |
| No. Beds | 20 |
| No. Stories | 1 |
| Year Built | 1995 |
| Tenancy | Single |
| Parking Ratio | 1.88/1,000 SF |
| Zoning | CC, Pierce |
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Property Taxes
| Parcel Number | 031901-4150 | Improvements Assessment | $1,321,900 |
| Land Assessment | $728,300 | Total Assessment | $2,050,200 |
Property Taxes
Parcel Number
031901-4150
Land Assessment
$728,300
Improvements Assessment
$1,321,900
Total Assessment
$2,050,200
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5001 112th St E - Single Tenant Net-Leased Commercial Asset
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