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Shopping Neighborhood

Broadway Plaza

1129 Broadway, Tacoma, WA 98402

Listing Price: $5,999,000

Cap Rate
7.44%
Gross SF
28,361
Rentable SF
28,361
Price/Gross SF
$211.52
Lot Size
0.17 acres
Year Built
1918

Investment Overview

Marcus & Millichap 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.

Investment Highlights

  • SIGNIFICANT RENTAL UPSIDE
  • ANNUAL RENTAL INCREASES
  • PASSIVE LEASE STRUCTURES
  • EXCELLENT DEMOGRAPHICS
  • CONVENIENT LOCATION & ACCESS
  • MAJOR NEARBY DEVELOPMENTS
  • HIGH VISIBILITY & FOOT TRAFFIC

Exclusively Listed By

Financing By

Shopping Neighborhood

Broadway Plaza

Listing Price: $5,999,000

Cap Rate
7.44%
Gross SF
28,361
Rentable SF
28,361
Price/Gross SF
$211.52
Lot Size
0.17 acres
Year Built
1918

Investment Highlights

  • SIGNIFICANT RENTAL UPSIDE
  • ANNUAL RENTAL INCREASES
  • PASSIVE LEASE STRUCTURES
  • EXCELLENT DEMOGRAPHICS
  • CONVENIENT LOCATION & ACCESS
  • MAJOR NEARBY DEVELOPMENTS
  • HIGH VISIBILITY & FOOT TRAFFIC

Investment Overview

Marcus & Millichap 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.

Exclusively Listed By

Financing By

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