201-205 4th Ave E - Office FOR SALE


Olympia, WA 98501- Downtown Olympia
$3,216,000 USD
360-915-5678
201-205 4th Ave E, Olympia, WA for Sale
$3,216,000 USD
Office - FOR SALE
1/26
null | 8% Cap Rate

201-205 4th Ave E
Olympia, WA 98501
Downtown Olympia


OVERVIEW

Olympia’s original skyscraper, The Security Building, is now available for purchase as a standalone investment opportunity. Currently over 94% occupied with 74 individual suites, consisting of 6 ground level retail spaces and 69 executive office suites on floors 2 – 5. The buildings appeal to a diverse group of tenants ensures continued high occupancy and with some tenants currently below market rate rents, the investment provides a solid value-add component.

FOR SALE DETAILS

PRICE

$3,216,000 USD

PRICE/SF

$102 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Security Bldg

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

DB

APN/PARCEL ID

78502400100

ASK ABOUT THIS PROPERTY

Zeke RehnThe Rants GroupMore Info
360-915-5678

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Zeke RehnThe Rants GroupMore Info
360-915-5678

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.