5058 Main StTacoma, WA 98407

Property Details for 5058 Main St

Year built

2018

Property size (Sq ft)

45,925 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional Tacoma, WA retail investment opportunity encompasses two buildings totaling 45,925 square feet, situated at 5058 Main St, 98407. Building 8, a 45,925 square foot retail space, currently boasts an 82.2% occupancy rate with established tenants including MultiCare Indigo Urgent Care, Obee Credit Union, and Rebels & Lovers clothing store. The second building, the 35,815 square foot Century Theater, is fully occupied by Century Theater, Inc., a subsidiary of the publicly traded Cinemark company. This nine-screen cinema features luxury recliner seating and has been operating successfully since 2015. The property, built in 2018, offers a compelling 7.03% cap rate and is priced at $13,200,000 ($287.43/sq ft). It's important to note that the properties are currently under court-appointed receivership, and any offer will require a sale motion and court approval. Interested parties should review the offering memorandum and due diligence materials available after completing a confidentiality agreement. Further details can be found at the offering website.

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.2984

Longitude

-122.505

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