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Downtown Tacoma Office Space
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721 Pacific Ave, Tacoma, WA

Unique office space in downtown Tacoma with 15 offices.

Space Size5,500 SF
Lot Size0.14 Acres
Days on Market1734

Property Features for 721 Pacific Ave

General Information

Standard status Active
Size 5,500 SF
Lot size 0.14 Acres
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 721 Pacific Ave Contact us

Matador Professional Office $12/SF/Yr

Size
5,500 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE
Sublease
No
Great location above the Matador in downtown Tacoma. Very unique finishes, great...
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Listing Agency: Kidder Mathews
Listed By: Joel Shabel · License #120176
Source: Moodyscre
Added: Nov 17, 2021 Changed: Aug 8 Last Checked: Aug 16 at 9:04AM

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 Kidder Mathews

Investment Insights

Based on property information with market context.

Located above the Matador in downtown Tacoma, this office space features unique finishes and a functional floor plan. The layout includes 15 offices, a large conference room, a large bullpen area, and a large kitchen/breakroom. The building has seismic upgrades. Ample street and alley parking is available, with four parking garages/lots within walking distance. The property encompasses 5500 square feet. The tax ID is 2007030050. The intended use of the property is for office space.

Key Highlights

  • Great location in downtown Tacoma above the Matador.
  • Unique finishes.
  • Large conference room.

Property Analytics

Current Use

Matador Tacoma Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Pet Grooming Service Tanning Salon Veterinary Clinic 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
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

408
Businesses Nearby

Market

Lease Benchmarks for Tacoma, WA

$19.18 /SF/Yr
Avg Asking Price
$3.11–$26 /SF/Yr
Price Range
9,209 SF
Avg Space Size

This space is priced 37% below the average of $19.18 /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
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Frequently Asked Questions

What type of property is this?
Office units - Unique office space in downtown Tacoma with 15 offices.
Where is this office units located?
The property is located at 721 Pacific Ave Tacoma, WA.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Great location in downtown Tacoma above the Matador.; Unique finishes.; Large conference room.
(253) 722-1406 Call to check price and availability
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