Investment Overview

Marcus & Millichap is pleased to present Lakewood Commercial Center, a fully-leased NNN investment located at 12930 Pacific Highway SW in Lakewood, WA. The property is strategically positioned along Pacific Highway SW, a major commercial corridor with direct access to I-5, drawing consistent visibility from both commuter and local traffic, and serving as a gateway to nearby employment and retail hubs. Built in 1962 and renovated in 2000, the 5,192-square-foot building is divided into three suites, each secured by in-place NNN leases with annual rental escalations. At 100% occupancy, this investment not only mitigates operating risk, but also ensures reliable income growth over time. The tenant mix offers diversification and stability, with long-standing occupants that benefit from the property’s strong visibility and accessibility. Looking ahead, Lakewood’s continued growth driven by nearby residential developments, military employment at Joint Base Lewis-McChord, and revitalization along Pacific Highway positions the property to capture sustained demand. Investors gain the opportunity to acquire a stabilized, well-maintained asset at an attractive basis in a supply-constrained South Puget Sound market.