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Renovated Office Building in Tacoma CBD
For Lease
$16 SF/Yr

1001-1005 Pacific Avenue, Tacoma, WA 98403

Multi-tenant office building with convenient access to freeway and public transportation.

Space Size461 SF - 2,237 SF
Property Size34,506 SF
Days on Market220

Property Features for 1001-1005 Pacific Avenue

General Information

Standard status Active
Size 461 SF - 2,237 SF
Class B
Property subtype Office
Lease Term Full Service

Building Details

Building Size 34,506 SF

Spaces For Lease

at 1001-1005 Pacific Avenue Contact us

Mezzanine $16/SF/Yr

Size
2,237 SF
Term
Negotiable
Contact us

Suite 230 $24/SF/Yr

Size
461 SF
Term
Negotiable
Contact us

Suite 260 $24/SF/Yr

Size
2,224 SF
Term
Negotiable
Contact us
Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: John Bauder, CCIM
Source: Lee-associates
Added: Jan 27 Changed: Sep 4 Last Checked: Sep 4 at 3:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates Commercial Real Estate Services

Investment Insights

Based on property information with market context.

This is a freshly renovated multi-tenant office building located in the heart of the Tacoma CBD. The property offers convenient access to the freeway and public transportation. Parking is available at nearby garages. The building features newly demised suites ranging in size from 390 square feet to 18,000 square feet. It occupies a prominent corner location and signage is available. A former bank branch with high visibility is present. The property also includes a data room with equipment.

Key Highlights

  • Prominent corner location in the heart of Tacoma CBD.
  • Newly demised suites ranging from 390 SF to 18,000 SF.
  • Freshly renovated multi‑tenant office building.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Restaurant Clothing & Fashion Store Pet Grooming Service Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,238
Businesses Nearby

Demographics for 98403, WA

8,341
Population
4,863
Households
1.7
Avg Household Size
39
Median Age
64%
College-Educated
99%
High-School Grad
1.0 sq mi
ZIP Area
8,341
Density / Sq Mi
$86,179
Median Household Income
$63,918
Median Earnings
$1,414
Median Rent
$737,100
Median Home Value

Market

Lease Benchmarks for Tacoma, WA

$20.29 /SF/Yr
Avg Asking Price
$12–$28 /SF/Yr
Price Range
8,612 SF
Avg Space Size

This space is priced 21% below the average of $20.29 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Multi-tenant office building with convenient access to freeway and public transportation.
Where is this office units located?
The property is located at 1001-1005 Pacific Avenue Tacoma, WA.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Prominent corner location in the heart of Tacoma CBD.; Newly demised suites ranging from 390 SF to 18,000 SF.; Freshly renovated multi‑tenant office building.
More about this property
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