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201-205 4th Ave E
Olympia, WA 98501
Security Bldg · Office Property For Sale
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
31,459 SF
Building Class
B
Year Built
1926
Price
$4,426,921 CAD
Price Per SF
$140.72 CAD
Cap Rate
8%
NOI
$354,154 CAD
Percent Leased
97%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
6,292 SF
Building FAR
4.25
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
DB - Downtown Business
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 78502400100 | Improvements Assessment | $4,087,055 CAD |
| Land Assessment | $182,528 CAD | Total Assessment | $4,269,583 CAD |
Property Taxes
Parcel Number
78502400100
Land Assessment
$182,528 CAD
Improvements Assessment
$4,087,055 CAD
Total Assessment
$4,269,583 CAD
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