**Marcus & Millichap Facilitates $8.645M Sale of James Center Plaza in Tacoma**
Marcus & Millichap has announced the successful sale of James Center Plaza, a 34,272-square-foot office property situated in Tacoma, Washington. The property was acquired for $8.645 million.
The transaction was brokered by Michael Babicz and RJ Vara of The Vara Group, commercial investment specialists from Marcus & Millichap’s Seattle office. The pair held the exclusive listing and marketed the property on behalf of the seller, a limited liability company.
Located at 1628 South Mildred Street, James Center Plaza is a medical-dental office complex housing eight tenants, all operating under triple-net (NNN) lease terms with staggered lease expirations. The plaza is positioned in a rapidly developing area, with over 1,300 multifamily units under construction in the immediate vicinity and an additional 3,700 units proposed within a five-mile radius. This growth underscores the property’s role as a key medical service provider for both current and future residents in the area.
