5058 Main St Tacoma, WA 98407
- Retail properties
- 45,925 SF
Current Use by Public Records
- MultiCare Indigo Urgent Care - Tacoma - Main St. / Urgent Care Center / Medical Clinic
Property Details for 5058 Main St
- Year built
- 2018
- Property size
- 45,925 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional Tacoma, WA retail investment opportunity encompasses two buildings totaling 45,925 square feet, situated at 5058 Main St, 98407. Building 8, a 45,925 square foot retail space, currently boasts an 82.2% occupancy rate with established tenants including MultiCare Indigo Urgent Care, Obee Credit Union, and Rebels & Lovers clothing store. The second building, the 35,815 square foot Century Theater, is fully occupied by Century Theater, Inc., a subsidiary of the publicly traded Cinemark company. This nine-screen cinema features luxury recliner seating and has been operating successfully since 2015. The property, built in 2018, offers a compelling 7.03% cap rate and is priced at $13,200,000 ($287.43/sq ft). It's important to note that the properties are currently under court-appointed receivership, and any offer will require a sale motion and court approval. Interested parties should review the offering memorandum and due diligence materials available after completing a confidentiality agreement. Further details can be found at the offering website.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Longitude
- -122.505
- Latitude
- 47.2984
