7030 -7052 Pacific Avenue

Tacoma, WA 98408

  • Bed

  • Bath

  • 0 SqFt

  • 1 DOM

  • Built: 2007

  • Status: Active

$4,780,000

X

7030 -7052 Pacific Avenue

Tacoma 98408

$4780000

  • Bed

  • Bath

  • 0 SqFt

  • 1 DOM

  • Built: 2007

  • Status: Active

Srinivas Kasam

CEO & Founder

(650)533-3259

We are 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.

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