Spanaway Plaza

Spanaway Plaza (Status: Available)

17415, Pacific Ave, Spanaway, WA  98387

For sale Spanaway Plaza, a value-add retail center located in rapidly growing Seattle/Tacoma MSA. The Property is currently 87% occupied with new tenants coming to the center including a brand-new construction Big Foot Java and OneMain Financial. Vacancy rates in the Spanaway retail sub-market are currently 3.3% with 6% rent growth year-over-year providing the investor with a simple value-add strategy. Rents in the sub-market have increased a cumulative 17.8% with virtually no new retail development. The Property features a brand-new TPO roof installed in 2022 and a new 20-year transferable roof warranty. The Property benefits from a population of over 57,000 residents within a 3-mile radius, with average household incomes exceeding $89,000. Within a 3-mile radius, the population has incr

Listing Details

Asset Class: Retail
Year Built: 1984
Building Total Square Feet: 24489
Available Lease Space Square Feet: 24489
Number of Floors: 1
Total Parking Spaces: 115
Local Zoning Information: UCOR

Listing Courtesy of: Marcus & Millichap, Inc.

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.