Property Details

209 E 4th Avenue

Olympia, WA 98501

$1,035,900

Available

CBA# 711001 courtesy of CBA Listing firm: The Rants Group

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Office / Retail

Property Type

12,960

Bldg Sq Ft

7.00%

Cap Rate

1908

Year Built

Property Overview

The historic White Building, currently 97.4% occupied, is now available for purchase as a standalone investment opportunity. The property consists of 21 rentable suites with two (2) ground-level retail spaces along busy 4th Ave. and 19 executive office suites on the 2nd floor. The building is occupied by a diverse group of tenants ranging from law offices to health practitioners. Offered at $1,035,900 at a 7.5% cap rate, the property provides immediate cashflow, and the current average rent of $14.05 per Sq Ft brings value add potential to new ownership.