top of page
Broadway Plaza - Tacoma, WA

Broadway Plaza - Tacoma, WA

$5,999,000.00Price
1125-1129 Broadway - Tacoma, WA
Rentable Bldg Area:  28,361 SF
Rentable Price Per SF: $211.52
Year 1 Cap Rate: 7.44%
Proform Cap Rate: 8.30%
 
 
Click For Marketing Package

  • Investment Highlights

    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.

     

  • Investment Overview

    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.