Listed by Kidder Mathews Seattle, Kidder Matthews, NAI-PSP
$3,832,240
Pacific Place South
Details
APN 269500-2-921
Property Type Retail, Office
Sub Type Medical Office
Square Footage 11,808
Cap Rate 6.82%
NOI $294,294
Occupancy 69%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 6.82%
Pro-Forma NOI $294,294
Price per SqFt $324
Class A
Year Built 2011
Lot Size (SqFt) 43,709
Investment Type Value Add
Retail | 6.82% CAP | 11,808 SqFt
Marketing description
Kidder Mathews is pleased to present the opportunity to acquire Pacific Place South, a multi-tenant medical center located in Parkland, WA.
The center features high quality 2011 construction and is currently occupied by stable, long term medical tenants operating on NNN leases. The one vacant space creates a value add or owner-user opportunity.
Investment highlights
- One vacant space creates value add or owner user opportunity
- Current tenancy features long term, stable medic al service tenants
- All current tenants are on a NNN lease structure with minimal landlord responsibilities
- Rental rates are well within market for class- a medical space in Tacoma area
- High quality 2011 construction
Listing Contacts
Listed by Kidder Mathews Seattle, Kidder Matthews, NAI-PSP
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$294,294.00
$24,524.50/mo
Valuation Metrics
0
DSCR
7.68%
Cap Rate
7.68%
ROI
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