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33714151
33714152

1201 Pacific Ave, Tacoma, WA 95060

Kidder Mathews Tacoma
AM
WF
WA 120176
Kidder Mathews Tacoma
Listed by Kidder Mathews Tacoma
Unpriced
0 days on market
Updated 0 days ago
Opportunity zone

1201 Pacific

Details
Property Type Office
Sub Type Traditional Office
Square Footage 303,673
Net Rentable (SqFt) 303,673
Units 411
Tenancy Multi
Class A
Year Built 1970
Buildings 1
Stories 22
Acreage 2.020
Zoning Downtown Commercial Core (DCC)
Parking Spaces 411 spaces
Parking Per SqFt 1.35
Investment Type Value Add

Office | 303,673 SqFt

Marketing description

1201 Pacific is Tacoma's largest and most iconic Class A office tower — a 22-story, 303,673-square-foot landmark in the heart of the Tacoma CBD, exclusively represented by Kidder Mathews. The Offering presents a rare opportunity to acquire the dominant office asset in the South Puget Sound market, featuring a reimagined plaza courtyard with outdoor seating, an on-site deli and coffee shop, building conference rooms, and locker room facilities.

With 411 total parking stalls — including below-grade parking and a separate parking structure connected by an enclosed walkway — the building provides exceptional coverage for both employees and visitors. Current tenants include Gordon Thomas Honeywell, Propel Insurance, New York Life, and Bank of America. LEED Gold certified and Energy Star labeled, 1201 Pacific offers the building quality, amenity depth, and market position that defines best-in-class office investment.

1201 Pacific sits at the core of downtown Tacoma's Central Business District, offering unobstructed panoramic views of Commencement Bay, Mount Rainier, the Olympic Mountains, and the Cascades. Originally designed by Skidmore, Owings and Merrill and completed in 1970, the building anchors Tacoma's financial district and serves as the city's premier corporate address. Tenants and visitors benefit from immediate access to I-705, Sound Transit's T Line light rail, and Tacoma's growing amenity base - including the Marriott Hotel, Tacoma Convention Center, YMCA, UW Tacoma, and a thriving restaurant and retail scene. As Tacoma continues to attract regional employers and institutional capital, 1201 Pacific remains the unrivaled address for tenants and investors seeking scale, visibility, and long-term value in the South Puget Sound.

Investment highlights

  • 22-Story, 303,673 SF Tacoma's largest Class A office tower in the heart of the CBD
  • 411 On-Site Parking Stalls Below-grade + structured parking with a 1.37/1,000 SF ratio
  • Compelling Value-Add Upside 74.48% occupancy with clear lease-up path to top-of-market rents
  • Assumable Debt Available Existing financing in place — opportunity to assume favorable loan terms at closing
  • Premier CBD Location 1 block to light rail, I-705 access, Walk Score 95 — Walker's Paradise
  • LEED Gold Certified Energy Star labeled featuring a reimagined plaza and courtyard

Listing Contacts

Kidder Mathews Tacoma
AM
WF
WA 120176
Kidder Mathews Tacoma
Listed by Kidder Mathews Tacoma

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