2509 S Holgate St $1,775,000

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    2509 S Holgate St Tacoma, WA 98402

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    $1,775,000

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    • 0.53 Acres
    • Commercial/Industrial
    • Listing# 1436904
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    Views: 19 Days On Market: 320

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    Property Details

    The Original Pacific Brewing and Malting Company Building. Classic 5 story brick building with vistas of Tacoma. Located in the revitalized UW-Tacoma and Brewery District. 40,000+ sq ft of commercial, warehouse, industrial. office. Great cash flow. Superb tenants. 7% cap rate. Phase 1 and Phase 2 ESA completed. Big upside potential by utilizing 100% of the building. Sale includes Tax ID# 2025060020 and 2025060041. 2020 tax expense will decrease by 25%. Recent new roof. The building looks great

    • General Features
      • County Pierce
      • Approx Building SqFt 45,000
      • Approx Office SqFt 2,000
      • Approx Whse/Mfg SqFt 45,000
      • Zoning Class Business, Commercial, Industrial, Multi-Family, Office, Residential
      • Lot Dimensions 200 x 114
      • Selling Office Commission 2.0
      • Style 61-Comm Bldg Ovr 10K
      • Total Covered Parking 0
      • Total Uncovered Parking 0
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Brick
      • Foundation Poured Concrete
      • Roof Flat
      • Floor Covering Concrete
      • Features Storage
      • Heating and Cooling Forced Air
      • Ceiling Height 8-16 FT
      • Loading 1-3 Bays, 10'-15' Doors
    • Property Features
      • Depth of Lot 114
      • Site Frontage 200
      • Expansion Area Y
      • Environment Survey Y
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Sewer Company Tacoma
      • Energy Source Electric, Natural Gas
      • Power Company Tacoma
      • Number of Available Pads 0
      • Lot Square Footage 22,897
    • Financials
      • Free and Clear Y
      • Vacancy Rate 5
      • Total SqFt Rented 38,500
      • Total Monthly Rent $14,275
      • Gross Rent Multiplier 10
      • Cap Rate -NOI div LP 7.3
      • Gross Scheduled Income $171,300
      • Gross Adjusted Income $162,735
      • Total Expenses $32,039
      • NOI $130,696
      • Electrical Expenses $4,800
      • Tax Expense $21,039
      • Heating Expense $0
      • Insurance Expense $6,200
      • Other Expenses $0
      • Tax Year 2020
      • Annual Assoc. Dues $0

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    Neighborhood

    98402 (Tacoma) Demographics

    36 Median Age
    6,394 Population Density (per sq. mile)
    46% College Educated
    $40,657 Estimated Median Income
    439 Estimated Total Home Owners
    2,916 Estimated Total Renters
    13% / 87% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    6,023 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $280,000 Median Sales Price
    5 Homes Sold
    12 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,775,000
        9/9/2019 9:31:50 AM Price Reduced Source New Value: $1,775,000 -6.58%
        4/10/2019 3:41:00 AM New in Database Source New Value: $1,900,000

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2020. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.