10240 Bridgeport Way SW - Apartments FOR SALE


Lakewood, WA 98499- Lakeview Tacoma
$9,500,000 USD
206-250-9655
10240 Bridgeport Way SW, Lakewood, WA for Sale
$9,500,000 USD
Apartments - FOR SALE
1/10
null | 6.77% Cap Rate

10240 Bridgeport Way SW
Lakewood, WA 98499
Lakeview Tacoma


HIGHLIGHTS

  • Mixed-Use Investment Opportunity in Lakewood
  • 37 Residential Units with 13 Retail Suites
  • Built in 2005 with additional 2017 expansion
  • Upgraded units with modern flooring, cabinets, finishes
  • Secured resident parking
  • High visibility frontage along Bridgeport Way SW

OVERVIEW

Town Centre Village is a well-maintained mixed-use investment offering a compelling blend of scale, diversification, and modern appeal. The property features 37 spacious residential units with large one- to three-bedroom floor plans, complemented by 13 street-level retail suites that provide multiple income streams. Built in 2005 with expansion in 2017, the asset includes a main elevator-served building as well as a separate townhome-style fourplex. Residential units have been upgraded with contemporary flooring, cabinetry, and finishes, and every unit is equipped with a full in-unit washer and dryer. Retail tenants operate under established NNN leases and benefit from fully served HVAC systems, while on-site amenities include secured 24-hour resident parking, 87 total parking spaces, an on-site daycare, salon, and café—enhancing both tenant demand and long-term stability. Ideally positioned along high-visibility Bridgeport Way SW, the property offers immediate access to I-5, Tacoma, and Joint Base Lewis-McChord, with Lakewood Towne Center’s retail and dining options just minutes away. The Lakewood Transit Center is located under two miles from the site, further strengthening commuter appeal. Residents enjoy a highly active lifestyle with Fort Steilacoom Park, American Lake, and Chambers Creek Regional Park all nearby, along with golf at Oakbrook Golf Club just ten minutes away. Surrounded by a vibrant mix of restaurants, recreation, and services, this location supports strong rental demand and positions the property as a standout mixed-use investment in a thriving submarket.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$198 USD /SF

# OF UNITS

37

PRICE/UNIT

$256,757

CAP RATE

6.77%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Town Centre Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2005

PARKING SPACES

71

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,350 SF

ZONING

NC2

APN/PARCEL ID

540000-0541,540000-0610

ASK ABOUT THIS PROPERTY

Reid JonesWestlake Associates, Inc.More Info
206-250-9655

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Reid JonesWestlake Associates, Inc.More Info
206-250-9655

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.