Updated Jul 14, 2025
28,460 SF Office Building At 1142 Broadway Tacoma Sold For $2.7M By Lee & Associates
1142 Broadway
$2,700,000
$94/SF
Building Size
28,460 SF
Asset Type
Office
Closing
Jul 10, 2025
About this deal
AI
A 28,460 square foot office building located at 1142 Broadway in Tacoma, WA has been sold for $2,700,000. This transaction occurred off-market and represents a price point that is notably 30% below the assessed value of the property.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,700,000
- Square Footage: 28,460
- Address: 1142 Broadway
- Market: Tacoma, WA
- Price Per Square Foot: $95
The transaction was facilitated by the brokerage team of Harrison Laird and John Bauder from Lee & Associates, marking a significant milestone as the city’s first office deal exceeding $2 million within the year. This transaction reflects a continued caution among buyers amid rising vacancy concerns in the market.
Players
Tacoma Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit John Bauder to view all their deals.
Browse Tacoma office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93