201-205 4th Ave E

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201-205 4th Ave E

Olympia, WA 98501
Asking Price
$3.22M
Cap Rate
8%
Asset Type
Executive Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Located at 201-205 4th Ave E in central Olympia Washington.
  • Executive office asset with integrated retail space components.
  • Currently maintained at a high 94 percent occupancy rate.
  • Offered for sale at a price point of 3216000 dollars.
  • Investment property featuring an 8 percent capitalization rate.

What's Special

Olympia serves as a critical government and economic hub within the Pacific Northwest, drawing consistent demand for commercial space from both the public and private sectors. The Security Building, situated at 201-205 4th Ave E, functions as a prominent office and retail property within this capital city. With a current occupancy rate of 94 percent, the asset provides a stabilized income stream for prospective investors looking to expand their regional portfolio. This executive office space caters to professional service firms, government contractors, and retail businesses seeking a central presence near key local infrastructure. The multi-tenant layout allows for versatile usage, supporting diverse business operations that benefit from a high-traffic downtown location. Given the sustained growth of the Olympia submarket, this acquisition represents an entry into a well-established urban environment with proven tenant stability and operational viability.

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NOI
$80,000
Cap Rate
2.49%
DSCR
0.42
Underwater
Cash-on-Cash
-11.50%
Monthly Payment
$15,911.013
Annual Cash Flow
$-110,932.159

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