East 72nd Plaza

Retail

810 - 828 72 St E, TacomaWA 98404

Property Details

Location

Address
810 - 828 72 St E, TacomaWA 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

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.

- 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.

View Details
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.

Source: Marielle De La Torre

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