Historic Downtown Olympia Portfolio FOR SALE


Olympia, WA - Downtown Olympia
$4,100,000 USD
360-915-5678
, Olympia, WA for Sale
$4,100,000 USD
FOR SALE
1/10
null | 8% Cap Rate

Historic Downtown Olympia Portfolio
Olympia, WA
Downtown Olympia


HIGHLIGHTS

  • Iconic downtown Olympia corner location with high visibility
  • 92% leased across 95 professional office and retail suites
  • Historic architecture with preserved marble and mahogany finishes
  • Recent capital improvements including boiler and elevator upgrades

OVERVIEW

A rare opportunity to acquire The Security and White Buildings, two iconic, historically significant mixed-use assets located at 203–209 4th Avenue East in Downtown Olympia, Washington. Built in 1926 and 1908, the buildings feature Sullivanesque and Mission Revival architecture with preserved marble, mahogany, and ornate plaster details. Ideally positioned at the corner of 4th Avenue and Washington Street, the 44,419 SF portfolio’s 95 tenant spaces are 92% leased to a diverse mix of professional office and retail tenants. The current work-from-home trend contributes to the portfolios’ high occupancy; many of the tenants utilize their space as an alternative or in conjunction with their work-from-home schedules.

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.