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Pioneer Plaza 1953 7th Ave 13,950 SF 100% Leased Office Building Longview, WA 98632 $4,774,839 CAD ($342.28 CAD/SF) 7.63% Cap Rate
Investment Highlights
- 7.6% CAP Rate
- Reliable Long-Term Tenants
- Elevator Access
Executive Summary
If you're seeking exceptional cash flow, look no further. Pioneer Plaza presents a unique opportunity to acquire one of Longview’s premier state-occupied office complexes. This well-maintained building spans 13,950 SF across two floors, with convenient elevator access. Situated on 4 separate tax parcels, the property encompasses 51,130 SF of land. The complex underwent significant renovations in 2004 and 2019, along with multiple interior upgrades over the years. It boasts reliable long-term tenants and offers a strong, consistent income stream with an attractive 7.6% Cap Rate/Return. This is an outstanding opportunity to add a high-performing asset to your portfolio. Contact us today for further details.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$440,575
|
$31.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$440,575
|
$31.58
|
| Taxes |
$23,333
|
$1.67
|
| Operating Expenses |
$52,882
|
$3.79
|
| Total Expenses |
$76,215
|
$5.46
|
| Net Operating Income |
$364,360
|
$26.12
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $440,575 |
| Annual Per SF | $31.58 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $440,575 |
| Annual Per SF | $31.58 |
| Taxes (CAD) | |
|---|---|
| Annual | $23,333 |
| Annual Per SF | $1.67 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $52,882 |
| Annual Per SF | $3.79 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $76,215 |
| Annual Per SF | $5.46 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $364,360 |
| Annual Per SF | $26.12 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
13,950 SF
Building Class
C
Year Built/Renovated
1978/2019
Price
$4,774,839 CAD
Price Per SF
$342.28 CAD
Cap Rate
7.63%
NOI
$364,360 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,975 SF
Building FAR
0.27
Lot Size
1.17 AC
Zoning
C02
Parking
78 Spaces (2.72 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Department of Corrections
- Public Administration
- 5,923 SF
- -
- Modified Gross
- May 2028
-
- Administrative and Support Services
- 1,000 SF
- -
- Modified Gross
- Feb 2031
Employers Overload fournit des solutions pour la main-d'œuvre depuis plus de 70 ans. Ils savent que trouver les bonnes solutions de dotation pour votre entreprise est l'une des décisions les plus importantes que vous puissiez prendre. Employers Overload aborde ses relations avec les clients et les employés avec un profond engagement envers les valeurs fondamentales de leur entreprise. Leur objectif est de fournir aux clients les solutions qui répondent aux besoins de leur entreprise. Ils sont ravis de partager avec vous leur approche.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Department of Corrections | Public Administration | 5,923 SF | - | Modified Gross | May 2028 | |
|
|
Administrative and Support Services | 1,000 SF | - | Modified Gross | Feb 2031 |
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Total Assessment | $3,111,528 CAD | |
| Land Assessment | $526,334 CAD | Annual Taxes | $23,333 CAD ($1.67 CAD/SF) |
| Improvements Assessment | $2,585,194 CAD | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$526,334 CAD
Improvements Assessment
$2,585,194 CAD
Total Assessment
$3,111,528 CAD
Annual Taxes
$23,333 CAD ($1.67 CAD/SF)
Tax Year
2024
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Pioneer Plaza | 1953 7th Ave
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