Office
702 Broadway
702 Broadway, Tacoma, WA 98402
Listing Price: $2,500,000
Investment Overview
The exceptional location of
this asset offers businesses a prime opportunity to establish their presence in a vibrant
and growing market. This building’s presence on the corner of 7th and Broadway
provides unparalleled visibility and accessibility, making it an ideal choice for
companies seeking a prestigious address.
Spanning across spacious and modern floor plans, 702 Broadway offers flexible
office spaces that can be tailored to meet the unique needs of businesses of all sizes.
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 33 suites, this property provides tremendous rental upside to improve
the current average rent of $21.06 / SF NNN to the submarket average of $28.02.
702 Broadway
Investment Highlights
- HIGH GROWTH SUBMARKET Tacoma is experiencing its long overdue growth revival with major infrastructure, transit, and core improvements well underway to support active multifamily and commercial dev.
- LEASE CONVERSION OPPORTUNITY With most current leases opting for MTM options, there is a significant opportunity to adjust rates to market and implement long-term agreements.
- EXCEPTIONAL TENANT MIX The building is a magnet for a variety of professional service tenants requiring physical space in a truly unique office environment.
Exclusively Listed By
Financing By
Listing Price: $2,500,000
Investment Highlights
- HIGH GROWTH SUBMARKET Tacoma is experiencing its long overdue growth revival with major infrastructure, transit, and core improvements well underway to support active multifamily and commercial dev.
- LEASE CONVERSION OPPORTUNITY With most current leases opting for MTM options, there is a significant opportunity to adjust rates to market and implement long-term agreements.
- EXCEPTIONAL TENANT MIX The building is a magnet for a variety of professional service tenants requiring physical space in a truly unique office environment.
Investment Overview
The exceptional location of this asset offers businesses a prime opportunity to establish their presence in a vibrant and growing market. This building’s presence on the corner of 7th and Broadway provides unparalleled visibility and accessibility, making it an ideal choice for companies seeking a prestigious address. Spanning across spacious and modern floor plans, 702 Broadway offers flexible office spaces that can be tailored to meet the unique needs of businesses of all sizes. 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 33 suites, this property provides tremendous rental upside to improve the current average rent of $21.06 / SF NNN to the submarket average of $28.02.
Exclusively Listed By
Financing By
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