• 1628 S Mildred St, Tacoma, WA 98465

This property isn't on the market right now.

Property Details

The Stren Lea Group at Marcus & Millichap has been retained to exclusively market for sale James Center Plaza (“the Property”), a medical office building in Tacoma, Washington. Completed in 1997, the Property
totals 33,375 rentable square feet and is leased to seven medical-dental tenants providing services including: primary care, pediatrics, spinal care, orthodontics, general dentistry and oral & maxillofacial surgery. There is one professional services tenant, and all tenants are on NNN leases. An abundance of parking, access to local amenities and convenience of location for their patients allows medical practices to thrive at the Property.

Located across the street from Tacoma Community College, James Center Plaza sits in the James Center commercial district, which houses regional and national retailers such as: Fred Meyer, Verizon, FedEx, Taco Bell, US Bank and Rite Aid. Surrounded by the neighborhood communities of Fircrest and University Place, the Property benefits from strong, suburban demographics and an aging population base that support offcampus medical-dental demand. As the 15th largest Metropolitan Statistical Area in the United States, the Seattle-Tacoma-Bellevue MSA enjoys a vibrant and dynamic economy with strong ties to the tech, finance, and import/export industries.

With staggered lease expirations and below market rents in place, an incoming investor will enjoy rent roll stability and regular opportunities to boost cash flow. Three vacant suites are available for lease and provide
an additional path to improving cash flow.

  • Property Type
    Medical Office, Office
  • Amenities
    • Free Parking
    • A/C
    • Internet
    • Parking ratio
  • Submarket
  • Year Built
    1997
  • Total Building Size
    33,375RSF
  • Total Acres
    1.06
  • Number of Floors
    2
  • Number of Buildings
    1
  • Typical Floor
    17,400RSF
  • Building Class
    A
  • Zoning
    CCX; Community Commercial Mixed-Use District
  • Property ID
    60366

Landlord's Leasing Representative

  • DREW FRAME
    Kidder Mathews