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Office Medical

James Center Plaza

1628 S Mildred St, Tacoma, WA 98465

Listing Price: $9,325,000

Cap Rate
6.47%
Gross SF
34,272
Rentable SF
34,272
Price/Gross SF
$272.09
Occupancy
93.4%
Year Built
1997
Lot Size
1.06 acres

Investment Overview

James Center Plaza is a medical office building in the Fircrest neighborhood of Tacoma, WA. The property offers 34,272 rentable square feet and is currently leased to 9 medicaldental tenants under NNN lease terms. The asset features an abundance of parking via shared spaces within the Neighborhood Center, including 24 exclusive stalls on the parcel. Anchored by several national retailers, the James Center Commercial District benefits from a strong suburban demographic, driven by an aging population that supports off-campus medical-dental demand.

Investment Highlights

  • 93.4% Occupied with 28% Rental Upside
  • 17,987 VPD
  • Strong Historical Occupancy
  • Passive NNN Leases
  • Ample Parking
  • Recent Surge in Residential Development

Exclusively Listed By

Financing By

Office Medical

James Center Plaza

Listing Price: $9,325,000

Cap Rate
6.47%
Gross SF
34,272
Rentable SF
34,272
Price/Gross SF
$272.09
Occupancy
93.4%
Year Built
1997
Lot Size
1.06 acres

Investment Highlights

  • 93.4% Occupied with 28% Rental Upside
  • 17,987 VPD
  • Strong Historical Occupancy
  • Passive NNN Leases
  • Ample Parking
  • Recent Surge in Residential Development

Investment Overview

James Center Plaza is a medical office building in the Fircrest neighborhood of Tacoma, WA. The property offers 34,272 rentable square feet and is currently leased to 9 medicaldental tenants under NNN lease terms. The asset features an abundance of parking via shared spaces within the Neighborhood Center, including 24 exclusive stalls on the parcel. Anchored by several national retailers, the James Center Commercial District benefits from a strong suburban demographic, driven by an aging population that supports off-campus medical-dental demand.

Exclusively Listed By

Financing By

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