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    FOR LEASE
    Medical Office Space

    1901 S Union Ave, Tacoma, WA 98405

    92,000 SF 2.65 ac lot Built 1976
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US90-0928731
    Property summary
    AI-generated overview

    This exceptional medical office building, situated on the Allenmore Hospital campus in Tacoma, Washington, presents a unique investment opportunity. Building B offers a total of 6,649 square feet of recently renovated space, currently entirely vacant and ready for immediate occupancy. The building is comprised of one structure with ample parking, providing a 5.0 spaces per 1,000 square feet ratio. Multiple tenancy options are available, with spaces ranging from a minimum of 1,840 square feet to a maximum contiguous space of 4,809 square feet. This allows for flexibility to accommodate various medical practices or professional businesses. The property is conveniently located at 1901 S Union Ave, Tacoma, WA 98405, in Pierce County, offering easy access for patients and staff. The modern design and recent renovations ensure a comfortable and efficient workspace. This prime location within a thriving medical community provides excellent visibility and accessibility, making it an ideal setting for a variety of healthcare providers. The entire building is available for lease, presenting a rare opportunity to establish a significant presence in a high-demand area. Contact us today to learn more about this exceptional property and explore the possibilities.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1976
    Construction CONCRETE
    Total area 92,000 SF
    Lot 2.65 ac (115,434 SF)
    Zoning code HM
    APN 320076036
    UPID US90-0928731
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Dr. Jurgen H. Huck, DDS Dental Office
    • David C. Brose, PhD Physician Medical Clinic
    • Cascade Internal Medicine Medical Clinic
    • Smiles 4 Kids Dental Office
    • Allenmore Anticoagulation Clinic Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $12.39M
    Owner & transaction history
    Hr Acuisition 1 Corp · 8 yrs held
    Hr Acuisition 1 Corp
    since 2018
    4 recorded transactions
    2018
    $25.7M
    2017
    2013
    $10.4M
    1969
    Zoning & alternative use
    HM · Tacoma, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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