Maxwell McDonald - Commercial Real Estate Showcase

Maxwell McDonald Property Listings
Marcus & Millichap, Inc.
601 Union St
Suite 2710
Seattle, WA 98101-2341


DetailMap
1601 E Front Street

Port Angeles, WA 98362


Property Type:Office Sub Type:- Status:Existing Year Built:1976
Stories:1 Typical Floor:9,808 SF Building Size:9,808 SF
For Sale Price:$895,000 Price/SF:$91.25
Cap Rate:8.60 %


Parcel Number: 0630001027250000

Sale Notes:
The property consists of two, single-story office buildings that have a combined 9,808-square feet. Both buildings are located on a single lot, which totals just under one acre. The property is currently 73% physically occupied and is anchored by US Government tenants. At list price, an investor will achieve an 8.0% unleveraged rate of return with the opportunity to significantly increase return by leasing the remaining vacant space.

Port Angeles is the largest city and county seat of Clallam County. The property is located within a dense commercial corridor and has high visibility and easy access from Highway 101.

Highlights
-73% Occupied Single Story Office Anchored by the US Government
-Roof Resurfaced in 2014 | Parking Lot Repaired in 2016 | HVAC Units Recently Replaced
-Property Is ADA Compliant And Has A 5.35:1,000 Parking Ratio
-8% Cap Rate on Current | Additional Upside By Leasing the Remaining Vacant Space
-High Visibility And Easy Access From Highway 101 (33,000 ADT/18,000 Westbound)
-In-Place Local Property Management Provides Passive Ownership

Marcus & Millichap, Inc.
Maxwell McDonald
(206) 826-5698

Stren Lea
(206) 826-5700




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