$13,600,000
2315 N Pearl Street
Listing Type: For Sale
Property Type: Retail
Status: Available
CBA ID#: 667611
2315 N Pearl St
Tacoma, WA 98406

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Commercial Property

Marketing Description:

WESTGATE: $13,600,000 / 7.00% CAP RATESHELL GAS: $1,780,000 / 5.40% CAP RATE.NEIGHBORHOOD CENTER SHADOW ANCHORED BY SAFEWAY, BIG LOTS, AND PLANET FITNESS.The offering provides the opportunity to acquire Westgate South Shopping Center (“the Property”), an89% occupied, 36,578-square-foot neighborhood retail center in growing Tacoma, Washington (SeattleMSA). The Property is occupied by a diverse mix of national and local tenants consisting of retail,medical, personal services, and fast casual dining options, with strong leasing momentum evidenced byfour leases recently signed and a brand new 10-year extension for Comfort Dental and assignment to apreeminent national healthcare company. The Property offers potential for upside through lease up of theexisting vacancy, and individual

Land Features:

  • Lot Size: 83200 SqFt
  • Lot Acreage: 1.91 Acres
  • Zoning: CCX

Building Features:

  • Building Size: 36578 SqFt
  • Available Space: 34928 SqFt
  • Number of Floors: 1
  • Cap Rate: 0.00%
  • Year Built: 1987
This Listing Supplied Courtesy of Northmarq Commercial, LLC
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
Equal Housing Opportunity