12930 Pacific Hwy SW - Storefront Retail/Office FOR SALE


Lakewood, WA 98499- Pacific
$1,035,000 USD
206-584-6195
12930 Pacific Hwy SW, Lakewood, WA for Sale
$1,035,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 6.56% Cap Rate

12930 Pacific Hwy SW
Lakewood, WA 98499
Pacific


HIGHLIGHTS

  • Strategically Located with I-5 Visibility
  • Fully-Leased with NNN Leases
  • Diverse Tenant Mix
  • Attractive Basis Below Replacement
  • Strong Historical Occupancy
  • Growing South Puget Sound Market

OVERVIEW

THE VARA GROUP at 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.

FOR SALE DETAILS

PRICE

$1,035,000 USD

PRICE/SF

$184 USD /SF

CAP RATE

6.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakewood Commercial Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Auto Repair, Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

Commercial One (C1)

APN/PARCEL ID

021914-2097

ASK ABOUT THIS PROPERTY

RJ VaraMarcus & MillichapMore Info
206-584-6195

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RJ VaraMarcus & MillichapMore Info
206-584-6195

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