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For sale
Office Units
WA
Tacoma
1313-1305 Tacoma Avenue South

Office Space in Tacoma Avenue

1313-1305 Tacoma Avenue South, Tacoma, WA

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For Sale

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Office space available for lease in Tacoma, WA.

Type:OFFICE

Property size:

51,769 SF

Lot size:

1.55 Acres

Price / SF:

$231/SF

HighLights

Flexible lease options: Available as a sublease or direct lease
Multiple floor options: Choose from 1st Floor (19,222 SF), 2nd Floor (12,519 SF), and 3rd Floor (20,028 SF)
Full Service lease: $16.00-$20.00 PSF
Easy customer parking
On‑site security
Signage & storage available

We can help!

Listing Contact

Harrison Laird

For Sale

Contact for pricing

Office space available for lease in Tacoma, WA.

Type:OFFICE

Property size:

51,769 SF

Lot size:

1.55 Acres

Price / SF:

$231/SF

Added:: Feb 21, 2024
Days on Market:: 853
Last Refresh:: May 20 at 8:36 pm

Property Features for 1313-1305 Tacoma Avenue South

General Information

Standard status: Active
Size: 51,769 SF
Lot size: 1.55 Acres
Property subtype: OFFICE

Properties For Sale

at 1313-1305 Tacoma Avenue South Contact us

We can help!

Listing Contact

Harrison Laird

Listing agent Harrison Laird

Listing office Lee & Associates Commercial Real Estate Services

Listing date Feb 21, 2024

Source Moodyscre

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

HighLights

Flexible lease options: Available as a sublease or direct lease
Multiple floor options: Choose from 1st Floor (19,222 SF), 2nd Floor (12,519 SF), and 3rd Floor (20,028 SF)
Full Service lease: $16.00-$20.00 PSF
Easy customer parking
On‑site security
Signage & storage available

Overview

This office space is available for lease as a sublease or direct lease. The lease rate is $16.00-$20.00 per square foot, full service. The property offers easy customer parking, signage, and storage. On-site security is provided. A tenant lounge is planned for the near future. The first floor offers 19,222 square feet, the second floor provides 12,519 square feet, and the third floor has 20,028 square feet, totaling 51,769 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.40M	$27.00
− Vacancy	−$279.6k	−$5.40
EGI	$1.12M	$21.60
− OpEx	−$279.6k	−$5.40
NOI	$838.7k	$16.20

51,769 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$11.98M

$10.48M – $13.98M (±1% cap)

NOI $838,658 @ 7.0% cap · market cap 6.99%

Second Best

—

no second resolved use

Theoretical Best

Office A

$15.91M

$13.92M – $18.56M (±1% cap)

NOI $1,113,862 @ 7.0% cap · market cap 9.28%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Location Insight

Map
Local Demand

City: Tacoma
County: Pierce
State: Washington
Longitude: -122.443
Latitude: 47.25

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For sale
Office Units
WA
Tacoma
1313-1305 Tacoma Avenue South

What type of property is this?

Office units - Office space available for lease in Tacoma, WA.

Where is this office units located?

The property is located at 1313-1305 Tacoma Avenue South Tacoma, WA.

What is the asking price?

The asking price for this property is $12,000,000.

What are key features of this property?

This property features: Flexible lease options: Available as a sublease or direct lease; Multiple floor options: Choose from 1st Floor (19,222 SF), 2nd Floor (12,519 SF), and 3rd Floor (20,028 SF); Full Service lease: $16.00-$20.00 PSF

1313-1305 Tacoma Avenue South, Tacoma, WA

Office space available for lease in Tacoma, WA.

Property Features for 1313-1305 Tacoma Avenue South

General Information

Properties For Sale

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mixed-Use Multifamily Investment Opportunity

Multifamily Opportunity in Tacoma

Tacoma Warehouse with Secured Yard

Downtown Tacoma Investment Property

Tacoma Redevelopment Opportunity

Tacoma Investment Property For Sale

Downtown Tacoma Owner-User Opportunity

Historic Office Mansion with Penthouse

Tacoma Industrial Property with Yard

Tacoma Retail Center For Sale

Industrial Property with Outdoor Storage

Three-Unit Office Building

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