Westgate North_Property for Sale
Westgate North_Property for Sale
2637 N Pearl St, Tacoma, WA, 98407, US

Westgate North

Asset description

JLL, as an exclusive advisor, is pleased to present the opportunity to acquire Westgate North (the “Property”), a 74,789 SF shopping center located at the intersection of North Pearl St. and North 26th St. in Tacoma, WA. Westgate North is currently 97.9% leased to a diverse mix of local and national daily-needs oriented tenants. In addition, Westgate North is shadow-anchored by an ultra high-performing Safeway that ranks as one of the top performers in the country per Placer.ai and their reported sales. This opportunity provides investors the ability to own one of the dominant neighborhood centers in Tacoma’s West End submarket at an attractive basis with future leasing upside.

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Attributes

Building area net
6,948 sm
Occupancy
97.9%
Year built
1960
Year renovated
2017

Media

Investment highlights

  • Strong Grocery Anchor with Top Tier Sales
  • Affluent Population Base With Disposable Income
  • Stable In-Place Cash Flow With Leasing Upside
  • Prime Location With Unmatched Visibility
  • High-Performing Inline Tenancy with Flexible Exit Strategy
  • Nearby Education Hub
  • Rapid Growing Surrounding Economy
Westgate North 4_Property for Sale
Westgate North 4_Property for Sale

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Westgate North (0 Properties)

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Last updated
May 8, 2024