Tacoma Union Bank of California Building For Sale
The Bank of California Building at 1011 Pacific Ave in downtown Tacoma is for sale. I had the privilege of meeting owner Jay Yi last week and he allowed us a full tour of the historic site. The impressive structure is packed with an arsenal of equally impressive contents. Never having been used for anything other than a bank, the facility is uniquely tailored for a certain purpose. Like housing millions of dollars in cash, jewels and other valuables for decades.
You pass through the giant, classic pillars on the outside and into an expansive lobby where your eye is immediately drawn 40 feet upward to the cathedral ceiling. The ornate wood and plaster detail overhead is unlike anything you will find in new construction today. Gold carvings tell a story that wraps around the top of the room. Solid granite walls line the staircase leading downstairs.
An old bank manager's office at the front of the building is luxuriously decorated with gorgeous wood paneling and feels like something out of Scooby-Doo. We could not find any of the secret compartments in the walls, but I'm certain they are there somewhere. If I had an office, I would want it to look just like this one.
We took the old world elevator to the basement and that is where things really got interesting. Exiting the elevator, I suddenly felt as though I were thrust headlong into the middle of a scene from Ocean's Eleven. I've never had free run of a giant vault before. Have you? There were thousands of old, empty safety deposit boxes and multiple safes for the storage of exactly who knows what.
Movie set. That's all I kept thinking. Well, that and the fact the building may have access to the old tunnels under Tacoma. Stay tuned.
You pass through the giant, classic pillars on the outside and into an expansive lobby where your eye is immediately drawn 40 feet upward to the cathedral ceiling. The ornate wood and plaster detail overhead is unlike anything you will find in new construction today. Gold carvings tell a story that wraps around the top of the room. Solid granite walls line the staircase leading downstairs.
An old bank manager's office at the front of the building is luxuriously decorated with gorgeous wood paneling and feels like something out of Scooby-Doo. We could not find any of the secret compartments in the walls, but I'm certain they are there somewhere. If I had an office, I would want it to look just like this one.
We took the old world elevator to the basement and that is where things really got interesting. Exiting the elevator, I suddenly felt as though I were thrust headlong into the middle of a scene from Ocean's Eleven. I've never had free run of a giant vault before. Have you? There were thousands of old, empty safety deposit boxes and multiple safes for the storage of exactly who knows what.
Movie set. That's all I kept thinking. Well, that and the fact the building may have access to the old tunnels under Tacoma. Stay tuned.
Posted by AP at Friday, May 15, 2009 1:00 PM 
Categories: Downtown,Real Estate
Tags: Tacoma Real Estate
Categories: Downtown,Real Estate
Tags: Tacoma Real Estate
For more information on the sale of the Bank of California building, contact:
Christian Trandum
Kellis Commercial, Inc.
(253) 475-4363
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Whats the asking price of the Tacoma bank?
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The bank was originally listed last year at 3.1 million. I put in a call to the agent to check on the current price. Stay tuned. I'm also hoping to put a link to the official listing here soon.
For now, you can see more photos of the Bank of California in Tacoma here:
http://northtacoma.net/ct/
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The current price is $2.55 million.
View the Commercial MLS listing here.
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Wow; what's the going rate for historic banks these days? I can only assume someone will turn it into a restaurant or nightclub or combination of both. Wouldn't that be awesome.
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I think they should open it as a fake bank and let people see if they can rob the place. Sort of like a real-life Counterstrike game. Instead of Terrorists vs. Counter-terrorists, it would be Robbers vs. Bank Employees. I'd like to play. Maybe even make a TV show out of it: How Would You Like To Be A Bank Robber?
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Holy crap! That is friggin' genius!! I'd sign up for that, sugar plum!
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3.1M will get you in the door. Let me know when you've got the down and I'll notify Christian that you'll be heading to Tacoma for a walkthrough.
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Hmmm... maybe if I bend over and reach up there far enough... nah, sorry.
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What's the rate for banks nowadays?
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With todays' economical crisis people are willing to achieve at least some income and remain more or less with money. From http://torrents.rapid4me.com/ I have downloaded a BBC film "Living through crisis" with the interviews of wellknown politicians and socilologists. If I were the owner, I wouldn't sell the buiding now...
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The ornate wood and plaster detail overhead is unlike anything you will find in new construction today. Gold carvings tell a story that wraps around the top of the room. Solid granite walls line the staircase leading downstairs.
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