This Cared for Brick 31,447 sq ft, Class A Office Building with 62 Stall Parking Garage, Located in Downtown Tacoma Municipal District. 99% Leased with Full Service Leases. The Roof was Recently Replaced in Early 2017, Recent Interior Updates, The Windows Re-Caulked, and the Building was Pressure Washed in 2018. Most of the Building is Locked Down with Key Card Access, All Viewings of Interior Offices upon Mutual Acceptance. Please Do Not Approach Tenants. Current Good Cap Rate @ 6%.

• General Features
  • County Pierce
  • Approx Building SqFt 31,447
  • Approx Office SqFt 25,556
  • Approx Whse/Mfg SqFt 0
  • Zoning Class Office, See Remarks
  • Lot Dimensions 115 x 120 x 115 x 120
  • Selling Office Commission 2
  • Style 61-Comm Bldg Ovr 10K
  • Total Covered Parking 62
  • Total Uncovered Parking 0
  • Zoning Jurisdiction City
• Building Features
  • Exterior Brick, Cement/Concrete, Metal/Vinyl, Wood Products
  • Foundation Poured Concrete
  • Roof Flat, See Remarks
  • Floor Covering Ceramic Tile, Concrete, Vinyl, Wall-to-Wall Carpet
  • Features Elevator, Signage Included, Sprinklered, Storage
  • Loading Ramp
• Property Features
  • Depth of Lot 120
  • Site Frontage 115
  • Expansion Area N
  • Environment Survey Y
  • Water-Sewer-Garbage 21555
  • Sewer Sewer Connected
  • Sewer Company TPU
  • Energy Source Electric, Natural Gas
  • Power Company TPU
  • Number of Available Pads 0
  • Pad Ready N
  • Lot Square Footage 13,800
• Financials
  • Vacancy Rate 1
  • Total SqFt Rented 25,481
  • Total Monthly Rent $49,282
  • Gross Rent Multiplier 0
  • Cap Rate -NOI div LP 6
  • Gross Scheduled Income $49,282
  • Gross Adjusted Income $591,380
  • Total Expenses $0
  • NOI $346,935
  • Electrical Expenses $21,555
  • Tax Expense $44,493
  • Heating Expense $21,555
  • Insurance Expense $6,176
  • Other Expenses $86,000
  • Tax Year 2019
  • Annual Assoc. Dues $0