2217 N Pearl St - Freestanding FOR SALE


Tacoma, WA 98406- West End
$5,000,000 USD
206-283-5212
2217 N Pearl St, Tacoma, WA for Sale
$5,000,000 USD
Freestanding - FOR SALE
1/5
null | 5.8% Cap Rate

2217 N Pearl St
Tacoma, WA 98406
West End


HIGHLIGHTS

  • Renewed Lease with Planet Fitness
  • 23,570 VPD at N Peral St and N 26th St

OVERVIEW

The offering is a 22,336 SF single tenant Planet Fitness located within the Westgate South Shopping Center in Tacoma, Washington. This opportunity benefits from a newly renewed lease with one of the largest Planet Fitness franchisees in the country. The property is 100% leased to an 80+ unit franchisee of Planet Fitness, one of the largest in the country. The building has been significantly upgraded with new HVAC, upgraded electrical, plumbing and gas, a new roof and more. The existing lease is well-positioned to provide for both stability and opportunity for the existing tenant, as well as stable income and a strong guarantor for the investor/landlord. Coming soon! The Picklr Premium Indoor Pickleball Courts, one of the fastest growing brands in the fastest growing sector. Ideal co-tenancy with Planet Fitness. Contact Brokers for NDA and complete Offering Memorandum.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$218 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,560 SF

ZONING

TACO

APN/PARCEL ID

704500-0374

ASK ABOUT THIS PROPERTY

Tiffini ConnellWest Coast Commercial RealtyMore Info
206-283-5212

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Tiffini ConnellWest Coast Commercial RealtyMore Info
206-283-5212

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