2315 N Pearl Street (Status: Available) 13600000

2315, Pearl St, Tacoma, WA  98406

WESTGATE: $13,600,000 / 7.00% CAP RATESHELL GAS: $1,780,000 / 5.40% CAP RATE.NEIGHBORHOOD CENTER SHADOW ANCHORED BY SAFEWAY, BIG LOTS, AND PLANET FITNESS.The offering provides the opportunity to acquire Westgate South Shopping Center (“the Property”), an89% occupied, 36,578-square-foot neighborhood retail center in growing Tacoma, Washington (SeattleMSA). The Property is occupied by a diverse mix of national and local tenants consisting of retail,medical, personal services, and fast casual dining options, with strong leasing momentum evidenced byfour leases recently signed and a brand new 10-year extension for Comfort Dental and assignment to apreeminent national healthcare company. The Property offers potential for upside through lease up of theexisting vacancy, and individual

Listing Details

Asset Class: Retail
Year Built: 1987
Building Total Square Feet: 36578
Available Lease Space Square Feet: 34928
Number of Floors: 1
Total Parking Spaces: 0
Local Zoning Information: CCX

Listing Courtesy of: Northmarq Commercial, LLC

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.