6901 S 19th St
Tacoma WA 98465
James Center
6901 S 19th St Tacoma WA 98465
Listing #: 686903 | Status: Available | Last Modified: 11/22/2024 |
For Sale
- Phone:(206) 518-9547
- Email:paul.sleeth@nmrk.com
- Office Name:Newmark
- Office Phone:(206) 388-3000
- Office Website:www.nmrk.com
- Agent Phone:(206) 518-9567
- Agent Email:billy.sleeth@nmrk.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 00.0
- $/SF$ 00.0
- Listing StatusAvailable
- Days on Market98
- Asset ClassRetail
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %3.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 0.00 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- AnchorFred Meyer, Rite Aid, US Bank
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings9
- # of Floors1
- # of Units
- # of Elevators
- A/CYes
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF140240
- Net Rentable Area140240
- Total Office SF
- Largest Contiguous SF5000
- Lot SF694934
- Acres15.95
- Property TypeRetail
- Office TypeMulti-Tenant
- InvestmentYes
- Building Class
- CountyPierce
- Vicinity
- Location Description
- Second Address1802-1820 & 1850 S Mildred St
- Cross StreetMildred St
- Market AreaUniversity Place/Fircrest
- Tax ID #0220034089
- Additional Parcels0220034088, 0220038016
- ZoningCCX
- # Covered Spaces0
- # Uncovered Spaces778
- Total Parking Spots778
- Parking Ratio
- Year Built1995
- Year Renovated2004
- Completion Date
- Roof Type
- SprinklersYes
- Construction TypeMasonry
James Center
The grocery & drug component provides stability and draw to the investment. Fred Meyer and Bartell Drugs recently signed lease extensions highlighting their commitment to the Center. Bartell Drugs recently completed an extensive interior and exterior remodel, including a “banner flip” from Rite Aid to Bartell Drugs. Given the hard corner location and free-standing pad with a drive-thru, Bartell Drug’s rent of $11.94/SF/YR provides future rental upside. Fred Meyer recently completed exterior and interior improvements to this location which is a testament to the success of this store and Kroger’s commitment to the location. Improvements included new refrigeration, new exterior signage and a new “click & collect” shopping feature. The Center benefits from long-term leases and recent lease
Fred Meyer & Rite Aid anchored retail center. Excellent access and visibility. High foot traffic shopping center with great synergy.
Drive-Thru, Grocery Anchor, Mixed-Use, Restaurant, Strip Mall, Bank