601 N K Street (Status: Pending) 1425000

601, K St, Tacoma, WA  98403

Investors! Capitalize on this high performing, turnkey building in North End Tacoma. Watch the video OM: https://vimeo.com/884736890 This is a 100% leased asset where the commercial anchor tenant (66 years in business) has a new 20-year NNN lease with 3% annual increases! Actual Cap Rate is 7.42%. Potential for value add by building more units in the rear of the property with alley access. This corner property has water views from the 3rd floor and it’s located in one of the most prized neighborhoods of Tacoma. The main commercial tenant’s space was completely renovated in 2019. The building has three commercial spaces occupied by one commercial tenant and three residential apartments with eight off-street parking spots. Near to the new rail system, medical, retail, restaurants & parks.

Listing Details

Asset Class: Retail,Multi-Family
Year Built: 1905
Building Total Square Feet: 3840
Available Lease Space Square Feet: 3840
Number of Floors: 3
Total Parking Spaces: 8
Local Zoning Information: C1-HIST

Listing Courtesy of: City Closers Commercial Real Estate

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.