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702 Broadway
12,493 SF 88% Leased Retail Building Tacoma, WA 98402 $2,865,718 CAD ($229 CAD/SF) 6.71% Cap Rate
Investment Highlights
- HIGH GROWTH SUBMARKET
- LEASE CONVERSION OPPORTUNITY
- EXCEPTIONAL TENANT MIX
- CONVENIENT LOCATION AND ACCESS
- SIGNIFICANT RENTAL UPSIDE
Executive Summary
property located at 702 Broadway in Downtown Tacoma. The exceptional location of
this asset offers businesses a prime opportunity to establish their presence in a vibrant
and growing market. This building’s presence on the corner of 7th and Broadway
provides unparalleled visibility and accessibility, making it an ideal choice for
companies seeking a prestigious address.
Spanning across spacious and modern floor plans, 702 Broadway offers flexible
office spaces that can be tailored to meet the unique needs of businesses of all sizes.
The property’s proximity to key transportation hubs and major highways allows for
seamless commuting and convenient access for clients and employees alike. With a rent
roll comprised of 33 suites, this property provides tremendous rental upside to improve
the current average rent of $21.06 / SF NNN to the submarket average of $28.02.
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Beautifully renovated office space with window views overlooking Broadway and Commencement Bay. Across the street from McMenamins. Suites can be leased separately or combined.
Beautifully renovated office space with window views overlooking Broadway and Commencement Bay. Across the street from McMenamins. Suites can be leased separately or combined.
Beautifully renovated office space with window views overlooking Broadway and Commencement Bay. Across the street from McMenamins. Suites can be leased separately or combined.
| Space | Size | Space Use | Position | Available |
| 201 | 1,109 SF | Retail | - | Now |
| 202 | 202 SF | Retail | - | Now |
| 203 | 204 SF | Retail | - | Now |
201
| Size |
| 1,109 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
202
| Size |
| 202 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
203
| Size |
| 204 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
201
| Size | 1,109 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Beautifully renovated office space with window views overlooking Broadway and Commencement Bay. Across the street from McMenamins. Suites can be leased separately or combined.
202
| Size | 202 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Beautifully renovated office space with window views overlooking Broadway and Commencement Bay. Across the street from McMenamins. Suites can be leased separately or combined.
203
| Size | 204 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Beautifully renovated office space with window views overlooking Broadway and Commencement Bay. Across the street from McMenamins. Suites can be leased separately or combined.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 200706-0016 | Improvements Assessment | $765,507 CAD |
| Land Assessment | $1,096,490 CAD | Total Assessment | $1,861,996 CAD |
PROPERTY TAXES
Presented by
702 Broadway
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