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214 Pine Street St 2,100 SF 100% Leased Office Building Okanogan, WA 98840 $579,751 CAD ($276.07 CAD/SF) 6% Cap Rate
Investment Highlights
- Fully renovated in 2006, and remodeled to tenant's specifications in 2015 and more planned for 2026
- New 5-Year lease with Edward Jones, who has been in the building since 2015
- Historic Gem with curb appeal
Executive Summary
New 5-year lease with Edward Jones commenced 2/1/26 with 2.75% annual escalations. Beautifully remodeled historic brick building located in Downtown Historic District was completely renovated in 2006 to code, including new membrane roof, refurbished brick exterior, central ac/heat, and has many original features, including light fixtures, unique windows, skylights, and custom reception desk made from original mahogany. Main floor has 10' ceilings, open reception area, 3 offices, kitchenette, storage room, ADA bathroom + daylight basement with full kitchen and bathroom w/shower & storage room.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$39,805
|
$18.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$39,805
|
$18.95
|
| Taxes |
$3,210
|
$1.53
|
| Operating Expenses |
$1,809
|
$0.86
|
| Total Expenses |
$5,019
|
$2.39
|
| Net Operating Income |
$34,786
|
$16.56
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $39,805 |
| Annual Per SF | $18.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $39,805 |
| Annual Per SF | $18.95 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,210 |
| Annual Per SF | $1.53 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,809 |
| Annual Per SF | $0.86 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $5,019 |
| Annual Per SF | $2.39 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $34,786 |
| Annual Per SF | $16.56 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
2,100 SF
Year Built/Renovated
1929/2006
Price
$579,751 CAD
Price Per SF
$276.07 CAD
Cap Rate
6%
NOI
$34,785 CAD
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,050 SF
Building FAR
2.41
Lot Size
0.02 AC
Zoning
commercial
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Edward Jones
- Finance and Insurance
- 2,100 SF
- -
- Single Net
- Jan 2031
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Edward Jones | Finance and Insurance | 2,100 SF | - | Single Net | Jan 2031 |
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Property Taxes
| Parcel Number | 1250060403 | Total Assessment | $326,570 CAD (2025) |
| Land Assessment | $3,001 CAD (2025) | Annual Taxes | $3,210 CAD ($1.53 CAD/SF) |
| Improvements Assessment | $323,569 CAD (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
1250060403
Land Assessment
$3,001 CAD (2025)
Improvements Assessment
$323,569 CAD (2025)
Total Assessment
$326,570 CAD (2025)
Annual Taxes
$3,210 CAD ($1.53 CAD/SF)
Tax Year
2026 Payable 2026
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214 Pine Street St
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