909-911 Pacific Ave
Tacoma, WA 98402
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Owner/User ability to occupy 6,000 SF on the second floor with income from the two first floor tenants.
- Located in the heart of Downtown Tacoma on Pacific Avenue.
- Centralized location provides for access to amenities, housing and highway access.
- Long term leases with both first floor tenants through October 2024.
- Ideal position in the middle of the downtown market, in a rapidly growing area.
- Diverse surrounding tenant mix from varying office and retail groups, promoting strong relationships and referral business.
EXECUTIVE SUMMARY
Kidder Mathews is pleased to present the exclusive opportunity to showcase 909 Pacific in Downtown Tacoma. The purchase price is $1,850,000 ($133.57 PSF).
THE OFFERING
This is a rare opportunity to acquire a owner/user or value-add office / retail building in the heart of Downtown Tacoma. 909 Pacific is situated on the most active street in Downtown with a near perfect walk score of 99
CENTRALIZED location provides for access to amenities, housing and highway access
DIVERSE surrounding tenant mix from varying office and retail groups, promoting strong relationships and referral business
909 Pacific is a premier asset located in the Downtown core of Tacoma. Situated strategically across the street from the Tacoma Link. 909 Pacific offers tenants immediate access to services and amenities as well as close proximity to I-5 and connecting highways.
Owner/user ability to occupy the entire building of ±13,850 SF
Located in the heart of Downtown Tacoma on Pacific Avenue
Ideal position in the middle of the downtown market, in a rapidly growing area
Deep labor and housing pool which provides strong demographics
Centralized location provides for access to amenities, housing and highway access
Diverse surrounding tenant mix from varying office and retail groups, promoting strong relationships and referral business
THE OFFERING
This is a rare opportunity to acquire a owner/user or value-add office / retail building in the heart of Downtown Tacoma. 909 Pacific is situated on the most active street in Downtown with a near perfect walk score of 99
CENTRALIZED location provides for access to amenities, housing and highway access
DIVERSE surrounding tenant mix from varying office and retail groups, promoting strong relationships and referral business
909 Pacific is a premier asset located in the Downtown core of Tacoma. Situated strategically across the street from the Tacoma Link. 909 Pacific offers tenants immediate access to services and amenities as well as close proximity to I-5 and connecting highways.
Owner/user ability to occupy the entire building of ±13,850 SF
Located in the heart of Downtown Tacoma on Pacific Avenue
Ideal position in the middle of the downtown market, in a rapidly growing area
Deep labor and housing pool which provides strong demographics
Centralized location provides for access to amenities, housing and highway access
Diverse surrounding tenant mix from varying office and retail groups, promoting strong relationships and referral business
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
13,850 SF
Building Class
C
Year Built
1920
Price
$1,850,000
Price Per SF
$133.57
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,925 SF
Building FAR
2.27
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
B
PROPERTY TAXES
| Parcel Number | 200903-0020 | Improvements Assessment | $1,362,200 |
| Land Assessment | $726,400 | Total Assessment | $2,088,600 |
