7052 Pacific Ave - Retail FOR SALE


Tacoma, WA 98408- South End
$4,780,000 USD
206-946-9425
7052 Pacific Ave, Tacoma, WA for Sale
$4,780,000 USD
Retail - FOR SALE
1/8
null | Request Cap Rate

NEW


7052 Pacific Ave
Tacoma, WA 98408
South End


OVERVIEW

The Verger Team is pleased to present the opportunity to acquire Seventy Two Pacific, a 22,996 SF retail center located near the signalized intersection of E 72nd St & Pacific Ave with excellent visibility & traffic exposure, with over 42,000+ vehicles per day. The offering includes two existing buildings, a fully-leased 4-tenant retail center providing immediate cash flow at a 6.75% in-place cap rate, and an adjacent 18,442 SF recently vacant retail building offered well below replacement cost at $165/SF, providing flexibility for an owner-user, value-add investor, or developer. Additionally, permits have been submitted for a 3,000 SF retail building to be constructed on the south end of the parcel, providing future upside. Stable In-Place Income & Significant Future Upside: - The offering includes two existing buildings, a fully-leased 4-tenant retail center providing immediate cash flow at a 6.75% in-place cap rate & an adjacent 19K SF vacant retail building offered well below replacement cost at $165/SF ideal for an owner-user or value-add investor. Long-Term Commitment: - 3 of the 4 tenants occupying 82% of Building A have occupied the center for over 10 years, demonstrating their long-term commitment to the area. Recent Building Upgrades: - Building A has seen substantial upgrades over the past five years including new HVAC systems and over $200,000 in tenant improvements, featuring upgraded plumbing and electrical, a facade refresh, new sidewalks, and more. Vacant Box Repositioning Opportunity: - Current ownership removed all tenants as of June 2025 and brought the building back to the studs, creating a blank canvas. This positions the property for a new era of tenancy or owneruser occupancy, with the ability to fully renovate and reconfigure the space. Strategic Location: - Seventy Two Pacific is located near the signalized intersection of 72nd and Pacific Ave benefiting from a combined 42,000+ VPD situated in one of Tacoma's main retail corridors with national retailers including McDonald's, CVS, AutoZone, and more. Development Upside: - The sale includes architectural drawings approved by the city to construct a 3,000 SF retail building on the south end of the lot, providing development upside.

FOR SALE DETAILS

PRICE

$4,780,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

TAC

APN/PARCEL ID

661500-1852

ASK ABOUT THIS PROPERTY

Kevin VergerKidder MathewsMore Info
206-946-9425

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Kevin VergerKidder MathewsMore Info
206-946-9425

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