Sub Markets

Property Sectors

Topics

Seattle & Northwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Seattle & Northwest  + Seattle  + Office  | 

27K-SF Net-Leased Property in Tacoma Sells for $12M

The Vara Group of Marcus & Millichap has completed the sale of NVA Referral Center, a 27,199-square-foot net-leased property in Tacoma, Washington. The asset sold for $12.6 million.

Matthew Herman and RJ Vara, commercial investment specialists in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

NVA Summit is located at 2505 S 80th St in Tacoma. “This single-tenant medical office is fully leased to NVA Summit Veterinary Management LLC,” said Herman, “It’s backed by the largest private owner of freestanding veterinary hospitals in the United States and features a 10 Year NNN with 3.5% annual increases.”

Read More News Stories About: Marcus & Millichap
Connect

Inside The Story

Marcus & Millichap

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.