7030 Pacific, Tacoma, WA 98408
22,996 SF fully leased retail center plus an adjacent recently vacant building near a signalized intersection.
- Added:
- Mar 10, 2026
- Days on Market:
- 94
- Last Refresh:
- Jun 10 at 2:58 am
Property Features for 7030 Pacific
General Information
- Standard status
- Active
- Size
- 41,438 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2007
Listing agent Kevin G. Verger (253) 564-6211
Listing office Kidder Mathews
Listing date Mar 10, 2026
Source Century21northhomes
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
HighLights
- 22,996 SF retail center built in 2007 with two existing buildings
- Fully leased 4‑tenant retail center providing immediate cash flow at a 6.75% in‑place cap rate
- Adjacent 18,442 SF retail building recently vacant
- Permits submitted to build a new 3,000 SF retail building on the south end of the parcel
- Located near the signalized intersection of E 72nd St & Pacific Ave with over 42,000 vehicles per day
Overview
The property is located near the signalized intersection of E 72nd St & Pacific Ave in Tacoma, WA, with stated excellent visibility and traffic exposure. The marketing materials cite more than 42,000 vehicles per day, helping support storefront-oriented uses.
This combination of leased retail, an additional vacant building, and an in-progress development plan makes the offering workable for multiple ownership strategies, including owner-user use, a value-add approach, or redevelopment-focused investment. The existing four-tenant center is described as providing immediate cash flow at a 6.75% in-place cap rate, while the adjacent vacant building is positioned as being available well below replacement cost based on the stated $105/SF figure.
Current Use by Public Records
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Location Insight
- Map
- Local Demand
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Longitude
- -122.4343519
- Latitude
- 47.1929376