1441 Court A - Telecom Hotel/Data Hosting FOR SALE


Tacoma, WA 98402- Downtown Tacoma
$7,487,569 USD
510-388-4438
1441 Court A, Tacoma, WA for Sale
$7,487,569 USD
Telecom Hotel/Data Hosting - FOR SALE
1/3
null | 7% Cap Rate

1441 Court A
Tacoma, WA 98402
Downtown Tacoma


HIGHLIGHTS

  • Long Term Lease with Annual 2% Rent Increases
  • Corporately Backed Lease by DaVita, Inc (NYSE: DVA)
  • Proximity to Tacoma’s Active Commercial and Industrial Submarkets
  • 200,000+ Combined VPD (Near Port and I-5)
  • Strong Industrial Growth Driven by Proximity to

OVERVIEW

The property is fully leased to DaVita, Inc., a Fortune 200 company with a market capitalization exceeding $10 billion, under a corporately guaranteed lease with more than 12 years remaining following a recent 15-year extension. The lease features 2% annual rent increases and offers a blended cap rate of 5.85%, providing stable, predictable income backed by one of the strongest credit tenants in the medical sector, which operates over 2,900 dialysis centers globally. Located at 1441 Court A in downtown Tacoma, this three-story medical data center occupies a hard-to-replace site adjacent to the Port of Tacoma and just one mile from Interstate 5, which sees more than 200,000 vehicles per day. The location offers excellent access and visibility, with close proximity to major transportation corridors and port infrastructure that drive regional commerce. Tacoma’s industrial market remains among the most active in the country, supported by port operations that handle 10–13 million tons of cargo annually and generate over $25 billion in economic activity.

FOR SALE DETAILS

PRICE

$7,487,569 USD

PRICE/SF

$400 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DaVita Data Center

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

2

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.21

LAND SF

9,148

ZONING

DCC

APN/PARCEL ID

201402-0030

ASK ABOUT THIS PROPERTY

Jeff BraccoThe Kase GroupMore Info
510-388-4438

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Jeff BraccoThe Kase GroupMore Info
510-388-4438

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