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950 Broadway & 949 Market | Tacoma, WA 98402 Tacoma, WA 98402

OFF-MARKET
Office buildings
Built 1919
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Property summary

AI-generated overview

The Tacoma Rhodes Center is a 157,883 square foot office campus located in downtown Tacoma. The campus consists of two office buildings, along with a 538-stall parking garage; each of the structures are connected by skybridges. A $10M renovation was completed at the turn of the century which included a new 6-story atrium in 950 Broadway, a seismic retrofit, and significant upgrades to the building systems. Now under new ownership, the assets are being offered for lease with flexible terms. Current amenities include on-site café, a fitness center, multiple building conference rooms, secure storage areas and building signage opportunities. Large 5th floor common conference room can hold up to 150 people. Highlights All buildings and parking garage connected via sky bridges Major interior renovation underway now New restaurant tenant under construction now Amenity and fitness center Location Description Easy access to major freeways and highways. Two blocks from Tacoma Light Rail, which connects to major transportation hub at the Tacoma Dome, The University of Washington Tacoma, Tacoma Convention Center and more! Located in the desirable downtown Tacoma CBD with numerous restaurants and retail within walking distance. Many area attractions such as museums, theatres, parks and breweries.

Property profile

Verified
Property type Office buildings
Year built 1919

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

950 Broadway & 949 Market | Tacoma, WA 98402 Tacoma, WA 98402
Tacoma metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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