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Office

74th Street Plaza

3906 S 74th St, Tacoma, WA 98409

Listing Price: $3,750,000

Cap Rate
7.75%
Gross SF
22,291
Rentable SF
22,291
Price/Gross SF
$168.23
Lot Size
2.52 acres
Year Built
1995

Investment Overview

Marcus & Millichap is pleased to present 74th Street Plaza,
a well-established office asset located in the heart of
Tacoma. Situated at the corner of South 74th Street and
South Madison Street, the property offers exceptional
visibility and access, with daily traffic counts exceeding
23,000 vehicles.

This 22,291-square-foot building is comprised of 11
suites, including a 6,488-square-foot vacancy ideal for a
potential owner-occupant. The property features recent
suite renovations, strong in-place tenancy, proximity to a
wide range of retail and service amenities and convenient
access to I-5. The property generates $145,253 of annual
net operating income, greatly offsetting an owneroccupant’s
debt service.

The Offering features an exceptional 7.58/1,000 SF
parking ratio, supported by 169 dedicated stalls—
enhancing accessibility for both tenants and visitors. The
offering also includes a separate 1.1-acre parcel zoned
M-1 (Light Industrial), contributing to current parking
while representing future development potential in a
supply-constrained market. Alternatively, the second
parcel could be sold for additional profit.

Investment Highlights

  • STRONG HISTORICAL OCCUPANCY
  • OWNER-USER OR INVESTMENT OPPORTUNITY
  • EXCEPTIONAL PARKING

Exclusively Listed By

Financing By

Office

74th Street Plaza

Listing Price: $3,750,000

Cap Rate
7.75%
Gross SF
22,291
Rentable SF
22,291
Price/Gross SF
$168.23
Lot Size
2.52 acres
Year Built
1995

Investment Highlights

  • STRONG HISTORICAL OCCUPANCY
  • OWNER-USER OR INVESTMENT OPPORTUNITY
  • EXCEPTIONAL PARKING

Investment Overview

Marcus & Millichap is pleased to present 74th Street Plaza, a well-established office asset located in the heart of Tacoma. Situated at the corner of South 74th Street and South Madison Street, the property offers exceptional visibility and access, with daily traffic counts exceeding 23,000 vehicles. This 22,291-square-foot building is comprised of 11 suites, including a 6,488-square-foot vacancy ideal for a potential owner-occupant. The property features recent suite renovations, strong in-place tenancy, proximity to a wide range of retail and service amenities and convenient access to I-5. The property generates $145,253 of annual net operating income, greatly offsetting an owneroccupant’s debt service. The Offering features an exceptional 7.58/1,000 SF parking ratio, supported by 169 dedicated stalls— enhancing accessibility for both tenants and visitors. The offering also includes a separate 1.1-acre parcel zoned M-1 (Light Industrial), contributing to current parking while representing future development potential in a supply-constrained market. Alternatively, the second parcel could be sold for additional profit.

Exclusively Listed By

Financing By

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