2217 N Pearl St Tacoma, WA 98406

Building Details

Year Built

1989

Listing agency West Coast Commercial Realty Show Phone

Listed by Tiffini (Connell) Cox · License #WA 18739

Source Crexi

Added: Sep 26, 2024 Updated: Jul 6 at 8:23AM Checked: Jul 20 at 3:07AM

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Investment Insights

Based on property information with market context.

This offering features a 22,336 SF single tenant Planet Fitness located within the Westgate South Shopping Center in Tacoma, Washington. The property is 100% leased to one of the largest Planet Fitness franchisees in the country, operating over 80 units. Significant upgrades have been made to the building, including new HVAC, upgraded electrical, plumbing and gas, and a new roof. The existing lease is well-positioned to provide stability and opportunity for the existing tenant, as well as stable income and a strong guarantor for the investor/landlord. The property benefits from a newly renewed lease.

Key Highlights

• Newly renewed lease with a large Planet Fitness franchisee.
• 100% leased to a major Planet Fitness franchisee (80+ units).
• Significant upgrades including new HVAC, electrical, plumbing, gas, and roof.

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Similar Off Market Nearby

• Anytime Fitness — 2623 N Pearl St, Tacoma, WA 98407
• Silas High School Track — 5702 N 12th St, Tacoma, WA 98406
• StretchLab — 2405 N Pearl St B116, Tacoma, WA 98407
• Curves — Tacoma, WA 98407
• Club Pilates — 5738 N 26th St, Tacoma, WA 98407

FAQs

What type of property is this?

Fitness center & gym - 22,336 SF single tenant Planet Fitness in Tacoma, Washington.

Where is this fitness center & gym located?

The property is located at 2217 N Pearl St Tacoma, WA.

What is the asking price?

The asking price for this property is $5,000,000.

What are key features of this property?

This property features: Newly renewed lease with a large Planet Fitness franchisee.; 100% leased to a major Planet Fitness franchisee (80+ units).; Significant upgrades including new HVAC, electrical, plumbing, gas, and roof.