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207-211 4th Ave E
Olympia, WA 98501
White Bldg · Retail Property For Sale
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,960 SF
Building Class
C
Year Built
1908
Price
$1,425,947 CAD
Price Per SF
$110.03 CAD
Cap Rate
7.50%
NOI
$106,946 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.75
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
DB - Downtown business
Frontage
58’ on 4th Ave E
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 78502400200 | Improvements Assessment | $1,442,191 CAD |
| Land Assessment | $684,411 CAD | Total Assessment | $2,126,601 CAD |
Property Taxes
Parcel Number
78502400200
Land Assessment
$684,411 CAD
Improvements Assessment
$1,442,191 CAD
Total Assessment
$2,126,601 CAD
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