Reality Sports Foundation Acquires Former Tacoma School Campus for $6.375M

Reality Sports Foundation Acquires Former School Campus in Tacoma for $6M
CRE Market Beat Take
This transaction highlights ongoing investor and user appetite for campus-style assets with built-in athletic infrastructure, even as traditional education users consolidate. For owners, it underscores that specialized nonprofits can be viable buyers for legacy school properties when appropriately matched by experienced brokerage teams.

Reality Sports Foundation, a nonprofit athletic organization, has purchased a significant portion of the former Sound Christian Academy campus in Tacoma, Washington. The organization acquired the property at 2052 S. 64th Street for $6.375 million, securing a site that combines educational and athletic facilities on a large land parcel.

The transaction involves 7.34 acres of the overall 9.9-acre campus, giving Reality Sports control of most of the former school site. The acquired improvements include a regulation gymnasium with retractable bleachers, a dedicated weightlifting center, and multiple classrooms. These indoor facilities are complemented by a sports field, a fully covered outdoor basketball court, and substantial on-site parking.

Kidder Mathews handled representation on both sides of the transaction. Executive Vice President Matt McLennan, SIOR, CCIM, Senior Vice President Steve Pelluer, and Associate Vice President Zeke Pelluer represented Reality Sports Foundation as the buyer. Vice President Bruce Barker, CCIM, MBA, also with Kidder Mathews, represented the seller. The involvement of a single brokerage firm for both parties underscores the firm’s role in aligning a specialized user with a campus-style property.

The mix of classrooms, athletic facilities, and outdoor sports amenities provides Reality Sports with a multi-use campus that can accommodate training, education, and program support within a single location. The combination of indoor and outdoor courts, fitness infrastructure, and support space positions the site for a range of nonprofit athletic programming while retaining the functional layout of a former school environment.

Commenting on the process, McLennan noted that mission-driven requirements shaped the site search and transaction timeline. He emphasized that when a client has a specific purpose and detailed facility needs, the process cannot be rushed, and that remaining committed to finding the right fit was central to the team’s work on the assignment. He added that seeing the nonprofit secure a facility that aligns with its programmatic needs validated the effort invested in the search.

The acquisition of the former Sound Christian Academy campus illustrates how specialized users can make use of legacy educational properties with existing athletic infrastructure. For Reality Sports Foundation, the purchase consolidates multiple program elements onto a single campus, while for the seller it marks the disposition of a largely contiguous school property with substantial land and built improvements.

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