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2210 S. C Street - Tacoma, WA

2210 S. C Street - Tacoma, WA

$0.00Price
2210 S. C Street, Tacoma, WA
Unpriced 
Rentable Bldg Area: 103,023 SF (Approx.)
Lot Size: 47,850 SF (Approx.)
Year Built: 1961/2019
 
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  • Investment Highlights

    EXCELLENT CORE LOCATION
    The property is extremely well located in the core
    of Downtown Tacoma with immediate access to
    I-5, the Port of Tacoma and the new Sound Transit
    light rail system.


    BELOW REPLACEMENT COST
    The building is priced well below replacement cost
    and is in a heavily supply and land constrained
    market with massive barriers to entry for
    competitive buildings.


    RECENT CAPITAL EXPENDITURES
    The current ownership group has spent in excess
    of $2,500,000 on capital expenditures that include
    a new roof on the southern building portion, LED
    light fixtures, Reznor space heaters, and painting.


    LOW VACANCY SUBMARKET
    The immediate Tacoma CBD submarket has a
    vacancy rate of less than 5% for comparable
    industrial buildings.


    ADAPTIVE REUSE PROPOSAL
    The property is highly versatile and would lend
    itself to a variety of industrial, creative office,
    self-storage, or mixed-use redevelopment projects.


    MAJOR NEARBY DEVELOPMENTS
    The property is positioned in direct proximity to
    the new regional light rail system, the Tacoma Town
    Center mixed-use development, and many other
    large scale and exciting new development projects.

    HIGH LOADING CAPACITY
    The building features 6 dock-high and 3 grade
    level loading doors.


    EXCELLENT DEMOGRAPHICS
    The property enjoys a highly skilled workforce due
    to the presence of multiple higher education centers
    such as University of Puget Sound, Pacific Lutheran
    University, and University of Washington Tacoma.

  • Investment Overview

    The Vara Group is pleased to present the sale offering for an extremely versatile industrial/flex building at 2210 S. C St. The property is conveniently located with immediate access to the Port of Tacoma, I-5, and Downtown Tacoma. The property features ample power, grade level and dock high loading doors, and flexible zoning. 

    This perfectly situated core value add property has already undergone extensive capital improvements. The opportunity to purchase this extremely well located and versatile asset at well below replacement cost certainly offers the savvy developer, owner occupant or investor endless possibilities within the rapidly growing Downtown Tacoma market.