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SMARTCAP Group Sells Tacoma, WA Office Bldg for $6M

Department of Social Services Bldg Sold to Individual Investor
November 21, 2017
The SMARTCAP Group Inc., a real estate investment company, sold the Department of Social Services building in Tacoma, WA to an individual investor for $6 million, or about $200 per square foot.

The 30,000-square-foot office building, located at 1301 E 72nd St., delivered in 1994 and sits on 2.93 acres in the Tacoma Suburban Submarket.

At the time of the sale, this single-story asset was 100 percent occupied by the Department of Social Services.

Ben Norbe and Will Frame of Kidder Mathews represented the seller.

Please see CoStar COMPS #4054212 for more information on this transaction.
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