TACOMA OWNER/USER // REDEVELOPMENT

8,277 SF | 51% Leased | Office Building | Tacoma, WA 98402 | $1,650,000 ($199/SF)

Asking Price $1,650,000

Sale Condition: Lease Option
Property Type: Office
Square Feet: 8,277 SF
Price / Square Foot: $199

Listing Contacts

Dan Foster

Verified Profile

Matthew Hinrichs

Verified Profile

Property Info

Property Overview

The building can be half-occupied by owner-user ASAP, and 100% occupied by mid-2025 or be leased out to market.
Additionally, Johnston Architects has conducted initial planning for a vertical mixed-use (primarily apartment) development. These plans envision a 7-story project containing 79,122 Gross SF 46,140 SF of residential plus 1,653 SF of commercial spaces.

Property Details

Class: C
Year Built: 1956
Stories: 2
Property Subtype: Office/Residential, Storefront Retail/Office, Medical, Telecom Hotel/Data Hosting
Lot Size (sq. ft): 16,117 SF

Highlights

Office building with strong potential to create strong cash flows indefinitely.
The building can be half-occupied by owner-user ASAP, and 100% occupied by mid-2025, or be leased out to market.
Initial planning for a 7-story vertical mixed-use development: 79,122 GSF; 46,140 SF Residential + 1,653 SF Commercial Spaces
Anchored by UW Tacoma campus and centrally located in fast growing area.

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