Centennial, 1949&2121 South State Street, Tacoma, WA
Acquisition Summary
Ownership Interest 100%
Purchase Price (million) US$48.4


Property Statistics
Property Type Office
NLA (sf) 239,475
Occupancy 100.0%
Current Rent (psf pa) US$14.97
Mark Rent (psf pa) US$16.00
WALT (by income) 5.6 years
Class A
Completion Date 1986 & 1993 (1)

Valuation Summary
Valuation (million) US$52.8
Cap Rate 6.25%
Valuer CBRE
 


Major Tenant Profile
Tenant Square Feet % by Area Lease Maturity Years Remaining
Department of Social and Health Services 239,475 100% April 2013 (2) 5.6

(1)Two separate buildings
(2)Two leases with 152,926 square feet expiring January 2013 and 86,549 square feet expiring May 2013