Bought with COMPASS
$1,500,000
$1,500,000
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9249 Pacific AVE Tacoma, WA 98444
1.65 Acres Lot
Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision South Tacoma
MLS Listing ID 1861145
Sold Date 12/30/21
Style 75 - Retail
Year Built 1980
Annual Tax Amount $11,882
Lot Size 1.650 Acres
Property Sub-Type Commercial Industrial
Property Description
Two credit tenants on a 1.5+ acre parcel. Enterprise invested over $1MM in tenant improvements and Verizon paid for and built a pad with cell tower. New HVAC heat pump has been installed. Long term leases for both tenants with 2 and 3% yearly escalators. Phase One and limited Phase Two environmental assessment completed in 2019 and 2020. Leases are NNN with real estate taxes and risk insurance paid directly by tenants. This is the investment you've been looking for. Buyer to verify all information to their satisfaction.
Location
State WA
County Pierce
Area 62 - Southeast Tacoma
Interior
Interior Features Forced Air, Heat Pump, Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Sewer Connected, Electric
Roof Type Flat
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
Read Less
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.