SIGNIFICANT RENTAL UPSIDE: House of Matthew, Dark Room, and US Renal Care leases expire in the next 24 months providing the future investor with 50% – 250% rental upside upon renewal or re-tenanting.
ANNUAL RENTAL INCREASES: All of the leases provide annual rental increases as a hedge against inflation.
PASSIVE LEASE STRUCTURES: The majority of the leases are NNN which mitigates the future investors exposure to increases in operating expenses and ensures are liable and predictable future income stream.
EXCELLENT DEMOGRAPHICS: Tacoma is rapidly experiencing an influx of new businesses and residents improving the stability of this dense urban location.
The Vara Group is pleased to present the sale offering for the premier mixed-use property located at 1125-1129 Broadway in Downtown Tacoma. The exceptional location of this asset offers businesses a prime opportunity to establish their presence in
a vibrant and growing market. This building’s location directly adjacent to the Link Light Rails’ T Line provides unparalleled visibility and accessibility, making it an ideal choice for businesses seeking a prestigious address.
With its diverse potential for retail, office, or mixed-use purposes, this property presents a versatile investment opportunity. The property’s proximity to key transportation hubs and major highways allows for seamless commuting and convenient access for clients
and employees alike. With a rent roll comprised of 13 suites, this property provides tremendous rental upside to improve the current average rent of $13.20 / SF NNN to the submarket average of $20.19.
top of page