East 72nd Plaza

Retail

810 - 828 72 St E, Tacoma, WA 98404

9 photos

Property Details

Location

Address: 810 - 828 72 St E, Tacoma, WA 98404
County: Pierce
Submarket: CBA South Tacoma
Parcels: 0320277004, 0320277005, 0320277013
Cross Street: E. McKinley Ave.
Center/Park Name: East 72nd Plaza

Building Size

Building Size: 15,177 SF
Retail Space: 15,177 SF
Rentable Space: 15,177 SF

Building Details

Type: Retail
Number of Buildings: 2
Number of Units: 10
Occupancy Type: Multi-tenant
Percent Occupied: 100%
Building Class: —
Building Status: Existing
Floors: 1
Year Built: 1985
Year Renovated: 2022
Sprinklers: —
Parking (Total Parking, Uncovered Parking): 70 , 70
Parking Ratio: 3.9 per 1,000 SF

Land & Utilities

Land (Acres): 1.63 Acres
Land (SF): 71,189 SF
Electricity: Yes
Sanitary Sewer: Yes
Water: Yes
Zoning: MUD
Lot Depth: —
Lot Width: —

Contacts

Current Listings

East 72nd Plaza

Retail For Sale

15,177 SF$6,100,000

Cap Rate: 5.51%

East 72nd Plaza is a community retail strip center situated in unincorporated Pierce County.

-Frontage on a high-traffic hard corner.

-Long term local and national tenants

- 3 tax lots, the inline strip building sits on two tax lots and the out-building on a third tax lot.

- Zoned Mixed Use Development (MUD) for future value-add re-development potential.

- 100% leased and stabilized strip retail center in a developing sub-market of Tacoma.

- Over $1 million dollars in recent and on-going capital improvements: new roofs, building exterior shell replacement, parking lot re-surfacing, exterior electrical and curbing. Other improvements include new garbage enclosures and tenant storefront signage and new awnings.

-NOI $335,908

-Full OM upon receipt of signed CA

-Prelim Title/Escrow: Equity Title of Washington, Bellevue.

-Contact Brokers to tour, do not disturb tenants.

East 72nd Plaza is a community retail strip center situated in unincorporated Pierce County.

-Frontage on a high-traffic hard corner.

-Long term local and national tenants

- 3 tax lots, the inline strip building sits on two tax lots and the out-building on a third tax lot.

- Zoned Mixed Use Development (MUD) for future value-add re-development potential.

- 100% leased and stabilized strip retail center in a developing sub-market of Tacoma.

-NOI $335,908

-Full OM upon receipt of signed CA

-Prelim Title/Escrow: Equity Title of Washington, Bellevue.

-Contact Brokers to tour, do not disturb tenants.

View Details

Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

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Source: Marielle De La Torre

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