2505 80th St, Tacoma, WA 98409-8400

This exceptional investment opportunity presents a 27,199 square foot Class A medical office building in Tacoma, WA. The property, built in 1999 and situated on a 1.57-acre lot, is fully occupied under a 10-year triple-net (NNN) lease with NVA Summit Veterinary Referral Center, a subsidiary of National Veterinary Associates Inc., the largest private owner of freestanding veterinary hospitals in the United States. The lease includes annual rent bumps of 3.5%, providing a hedge against inflation and minimizing landlord responsibilities. The tenant boasts a strong corporate guarantee and has invested significantly in the state-of-the-art medical buildout. The property features 71 parking spaces and benefits from a prime location near I-5, ensuring excellent accessibility. With a current NOI of $979,644, a 6.76% cap rate, and a pro-forma cap rate of 7.74%, this offering presents a compelling investment opportunity in a high-growth market. The property is zoned M1 and includes a single, two-story building. The asking price is $14,500,000, translating to a price per square foot of $533.11. This mission-critical facility provides specialized veterinary services, catering to a large regional client base. The long-term lease, strong tenant, and favorable market conditions make this a highly attractive investment.