111 S 38th St
Tacoma WA 98418

24 Hour Fitness

111 S 38th St Tacoma WA 98418

Listing #: 689252 | Status: Available | Last Modified: 11/20/2024 |

For Sale
Kevin Verger
  • Phone:(206) 946-9425
  • Email:kevin.verger@kidder.com
  • Office Name:Kidder Mathews
  • Office Phone:(208) 362-8600
  • Office Website:
Maggie Verger
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo

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Price Information
  • Listing Price$ 10,990,000.0
  • $/SF$ 246.2
  • Listing StatusAvailable
  • Days on Market13
  • Asset ClassRetail
  • Terms
Investment Information
  • Investment Type
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor24 Hour Fitness
Retail Asset Class Info
  • Crane Count
  • Crane Tonnage0
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Second Road Front
  • Grade Level Door Count
  • Tennant Improvement Allowance
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors1
  • # of Units
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF44647
  • Net Rentable Area44647
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF159865
  • Acres3.67
Property Type
  • Property TypeRetail
  • Office TypeSingle Tenant
  • InvestmentYes
  • Building Class
Location
  • CountyPierce
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaAllenmore Medical District
  • Tax ID #7470021611
  • Additional Parcels
  • ZoningTAC
Construction
  • Year Built2003
  • Year Renovated2017
  • Completion Date
  • Roof Type
  • Construction Type

111 S 38th St, Tacoma, WA 98418

Public Comments

We are pleased to present a rare opportunity to acquire a Corporate Leased Single-Tenant NNN 24-Hour Fitness with over 13 years remaining on the lease. In 2018, 24 Hour Fitness invested $3M in tenant improvements and recently waived their one-time right to an early termination, solidifying their long-term commitment to the property and showcasing their confidence in the location. Strategically located on S 38th St, Tacoma’s primary retail corridor, the property is surrounded by national retailers like Costco, Target, and Walgreens. Its proximity to major highways, including Hwy 16 and I-5, ensures high visibility and ease of access, positioning this asset for long-term success. Investment Highlights: - Corporate Guaranteed Lease: 24 Hour Fitness USA, Inc., a premier fitness chain with

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