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7817 Building 7817 Pacific Ave 3,152 SF 100% Leased Office Building Tacoma, WA 98408 $1,100,000 ($348.98/SF) 5.45% Cap Rate
Executive Summary
Marketing description
Prime Pacific Ave frontage location with strong daily traffic counts
Small-suite office building – highly desirable for service-based tenants
Efficient layouts with:
Multiple private offices
Reception / waiting areas
Open workspace options
Move-in ready / turn-key suites (minimal TI needed)
Ideal for:
Professional services
Medical / wellness
Small business operators
High visibility signage opportunities
Ample on-site parking for tenants and clients
Easy access to Hwy 512 & I-5 corridor
Located in a high-demand leasing pocket with consistent activity
Well-maintained asset with strong curb appeal
?? Positioning line:
“High-demand small-suite office asset in the heart of Pacific Ave with strong visibility and leasing velocity.”
Prime Pacific Ave frontage location with strong daily traffic counts
Small-suite office building – highly desirable for service-based tenants
Efficient layouts with:
Multiple private offices
Reception / waiting areas
Open workspace options
Move-in ready / turn-key suites (minimal TI needed)
Ideal for:
Professional services
Medical / wellness
Small business operators
High visibility signage opportunities
Ample on-site parking for tenants and clients
Easy access to Hwy 512 & I-5 corridor
Located in a high-demand leasing pocket with consistent activity
Well-maintained asset with strong curb appeal
?? Positioning line:
“High-demand small-suite office asset in the heart of Pacific Ave with strong visibility and leasing velocity.”
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Building Size
3,152 SF
Building Class
B
Year Built/Renovated
1978/2021
Price
$1,100,000
Price Per SF
$348.98
Cap Rate
5.45%
NOI
$60,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,576 SF
Building FAR
0.48
Lot Size
0.15 AC
Zoning
RCX - Residential Commercial Mixed-Use (Tacoma)
Parking
10 Spaces (3.17 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 785000-1114 | Improvements Assessment | $266,500 |
| Land Assessment | $292,300 | Total Assessment | $558,800 |
Property Taxes
Parcel Number
785000-1114
Land Assessment
$292,300
Improvements Assessment
$266,500
Total Assessment
$558,800
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Contact the Sale Advisor
7817 Building | 7817 Pacific Ave