$10,990,000
For Sale

111 S 38th Street

Tacoma, WA 98418
Listing OfficeKidder Mathews
Browse 8 photos
Type:Purchase
Structure:Industrial
Zone:Commercial

Description

The Verger Team is 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.

  • Property Details
      • Acres3.6705
  • Construction Details
      • Style75 - Retail
      • Property TypePurchase
    • Condition
      • Year Built2003
  • Utilities / Energy Details
      • Sewer InformationSeptic Tank
  • Community and Neighborhood Details
      • SubdivisionTacoma
    • Location
      • CountyPierce
  • Financial Details
      • Original List Price$10,990,000
      • Days on Market (Cumulative)9
  • Other
      • MLS #2309863
Jerad ThysensReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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