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CHC Hilltop Regional Health Center

Off-Market

1202 Martin Luther King, Jr. Way, Tacoma, WA 98405

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  • Property Type Office - Medical Office
  • Property Size 54,000 SF
  • Lot Size 1.12 Acre
  • Parking Spaces Avail. 351
  • Parking Ratio 6.50/ 1,000 SF
  • Property Tenancy Owner Occupied
  • LEED Certified Gold
  • Building Class A
  • Year Built 2013

Location

  • City Tacoma, WA
  • Neighborhood New Tacoma
  • Zip Code 98405
  • Market Seattle

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Origination Date

Market Trends

Average Actual Rents in Tacoma

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Tacoma Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $25.46
  • 2020 Office Vacancy Rate 6.49%
  • 2020 Office Completions (SF)
View more Tacoma market trends

Tax

  • Base Tax $170,862
  • Current Tax $6,082
  • Market Value* $14,935,500
  • Assessed Value $14,935,500

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of CHC Hilltop Regional Health Center?

CHC Hilltop Regional Health Center totals 54,000 square feet.

When was this property built?

CHC Hilltop Regional Health Center was built in 2013.

What is the market value for CHC Hilltop Regional Health Center?

The market value* for CHC Hilltop Regional Health Center in 2022 was $14,935,500.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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