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29045463
29045464

12202 Pacific Ave S, Tacoma, WA 98444 For Sale

CD
WA 25006802
C & J Realty LLC
AR
WA 25006802
Listed by C & J Realty LLC
$2,200,000
199 days on market
Updated 6 days ago

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Details
APN 67620002240
Property Type Office, Retail
Sub Type Executive Office, Storefront (+1)
Square Footage 5,938
Net Rentable (SqFt) 5,938
Units 8
Cap Rate 6.97%
NOI $153,326
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 3
Rent Bumps Yes
Lease Options none
Price per SqFt $371
Class B
Year Built 1964-1999-2022
Year Renovated 2024
Buildings 1
Stories 2
Lot Size (SqFt) 10,000
Zoning Towne Center
Investment Type Stabilized
Tenant Credit No Credit Rating
Occupancy Date 12/28/2025
Sale Condition 1031 exchange

Fully Occupied with Owner-User Flexibility

Marketing description

Fully Leased or ±1,822 SF Available
( Seller willing to execute a 5 yr lease-back or vacate at closing )

Professionally maintained, income-producing office complex positioned in the highly desirable Pacific Avenue corridor. The property offers stable cash flow, a diverse and reliable tenant mix, and excellent freeway connectivity, delivering an approximate 6.75% in-place cap rate — a true turn-key investment opportunity.

Significant capital has been invested into the property, with over $650,000 in improvements completed in 2024 alone. Recent upgrades include a fully painted exterior, refreshed landscaping, new front-to-back pedestrian walk path, and updated building signage. Approximately half of the building has been extensively remodeled, highlighted by a ±1,800 SF Class B office suite offered fully furnished with built-in desks, four private offices, a conference room, and dedicated storage — ideal for an owner-user or executive tenant.

Conveniently located just off Pacific Avenue with immediate access to Highway 512 and I-5, providing outstanding visibility and accessibility for tenants and users alike.



Investment highlights

  1. Fully Leased or ±1,822 SF Available — seller willing to lease back or vacate, offering flexibility for investors or owner-users

  2. Approx. 6.75% In-Place Cap Rate with stable, in-place income

  3. Turn-Key Asset — professionally maintained with strong operating history

  4. Over $650,000 in Capital Improvements (2024) — significant recent reinvestment reduces near-term capital risk

  5. Extensively Remodeled Office Space — ±1,800 SF Class B suite, fully furnished with built-in desks, four private offices, conference room, and dedicated storage

  6. Diverse Tenant Mix — minimizes rollover risk and supports long-term stability

  7. Prime Pacific Avenue Corridor Location — excellent visibility and accessibility

  8. Immediate Freeway Access — quick connectivity to Hwy 512 and I-5

  9. Attractive Owner-User or Passive Investment Opportunity with future upside

Listing Contacts

CD
WA 25006802
C & J Realty LLC
AR
WA 25006802
Listed by C & J Realty LLC

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$153,326.00
$12,777.17/mo

Valuation Metrics

0
DSCR
6.97%
Cap Rate
6.97%
ROI

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Additional Information

Name
Cassandra Day
License
25006802
Brokerage
Cassandra Day
Title
Managing Broker
Name
Ashley Richey
License
25006802
Brokerage
C & J Realty
Brokerage Phone
2532280114
Title
Real Estate Broker
Brokerage Address
12202 Pacific Avenue South
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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