Seventy Two Pacific Retail Center 2 Retail Properties Offered at $4,780,000 in Tacoma, WA

The Verger Team is pleased to present the opportunity to acquire Seventy Two Pacific, a 22,996 SF retail center located near the signalized intersection of E 72nd St & Pacific Ave with excellent visibility & traffic exposure, with over 42,000+ vehicles per day.
The offering includes two existing buildings, a fully-leased 4-tenant retail center providing immediate cash flow at a 6.75% in-place cap rate, and an adjacent 18,442 SF recently vacant retail building offered well below replacement cost at $165/SF, providing flexibility for an owner-user, value-add investor, or developer.
Additionally, permits have been submitted for a 3,000 SF retail building to be constructed on the south end of the parcel, providing future upside.
Stable In-Place Income & Significant Future Upside:
- The offering includes two existing buildings, a fully-leased 4-tenant retail center providing immediate cash flow at a 6.75% in-place cap rate & an adjacent 19K SF vacant retail building offered well below replacement cost at $165/SF ideal for an owner-user or value-add investor.
Long-Term Commitment:
- 3 of the 4 tenants occupying 82% of Building A have occupied the center for over 10 years, demonstrating their long-term commitment to the area.
Recent Building Upgrades:
- Building A has seen substantial upgrades over the past five years including new HVAC systems and over $200,000 in tenant improvements, featuring upgraded plumbing and electrical, a facade refresh, new sidewalks, and more.
Vacant Box Repositioning Opportunity:
- Current ownership removed all tenants as of June 2025 and brought the building back to the studs, creating a blank canvas. This positions the property for a new era of tenancy or owneruser occupancy, with the ability to fully renovate and reconfigure the space.
Strategic Location:
- Seventy Two Pacific is located near the signalized intersection of 72nd and Pacific Ave benefiting from a combined 42,000+ VPD situated in one of Tacoma's main retail corridors with national retailers including McDonald's, CVS, AutoZone, and more.
Development Upside:
- The sale includes architectural drawings approved by the city to construct a 3,000 SF retail building on the south end of the lot, providing development upside.