1628 S Mildred St - Medical FOR SALE


Tacoma, WA 98465
$9,325,000 USD
206-826-5784
1628 S Mildred St, Tacoma, WA for Sale
$9,325,000 USD
Medical - FOR SALE
1/8
null | 6.48% Cap Rate

1628 S Mildred St
Tacoma, WA 98465


HIGHLIGHTS

  • RECENT CAPITAL EXPENDITURES
  • EXCELLENT LOCATION
  • SIGNIFICANT RENTAL UPSIDE
  • STABILIZED NNN INVESTMENT
  • STRONG HISTORICAL OCCUPANCY
  • SIGNIFICANT NEARBY DEVELOPMENT

OVERVIEW

THE VARA GROUP is excited to announce the exclusive sale offering of James Center Plaza, a medical office building in the Fircrest neighborhood of Tacoma, WA. The property offers 34,272 rentable square feet and is currently leased to 9 medical dental tenants under NNN lease terms. The asset features an abundance of parking via shared spaces within the Neighborhood Center, including 24 exclusive stalls on the parcel. Anchored by several national retailers, the James Center Commercial District benefits from a strong suburban demographic, driven by an aging population that supports off-campus medical-dental demand.

FOR SALE DETAILS

PRICE

$9,325,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

6.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

James Center Professional Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

CCX

APN/PARCEL ID

022003-8013

ASK ABOUT THIS PROPERTY

Raymond 'RJ' VaraMarcus & MillichapMore Info
206-826-5784

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Raymond 'RJ' VaraMarcus & MillichapMore Info
206-826-5784

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.