FOR SALE — East 72nd Plaza

810-828 72nd St. E., Tacoma, WA 98404

Summary
NEW Sale PriceCAP RateOccupancyGLANOI
$5,600,0006%100%15,177 SF$336,107
Details

MK Property Services, LLC is pleased to present the opportunity for a qualified investor to acquire a 100% fee simple interest in East 72nd Plaza, a community retail strip center with out-parcel situated in unincorporated Pierce County with frontage on a high-traffic hard corner. The subject property is comprised of three tax lots, the inline strip building sits on two tax lots and the out-building on a third tax lot.  The subject property is zoned Mixed Use Development (MUD) for future value-add re-development potential. Recent capital improvements completed totaling over $1,000,000 including new building envelope, new roofs, parking lot resurfacing, exterior electrical, tenant signage. This offering presents an investor the opportunity to acquire a 100% leased and stabilized remodeled strip retail center in a developing sub-market of Tacoma providing stable cash-flow and future value-add potential.

Traffic Counts

39,000 VPD

Demographics

Click Listing Details to access Demographics in the Offering Memorandum.

Maps

Let’s Get Started

Whether you're looking for an experienced commercial broker to guide you through the steps of obtaining retail property or a team of property managers to help you grow your business, MK Property Services, LLC is eager to partner with you for the long-haul. Contact us today for a free quote.

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