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2404 Chandler Ct SW
Olympia, WA 98502
Office Property For Sale
Investment Highlights
- Excellent proximity—just 10 minutes to downtown Olympia, 15 minutes to I-5, and approximately 60 minutes to both Sea-Tac Airport and the Seattle metro
- Prime West Olympia location offers excellent Highway 101 visibility and access.
- Strong tenant mix includes government agencies with long-term leases in place.
- The property is fully leased, generating stable income with a 7.5% cap rate.
Executive Summary
100% LEASE VALUE ADD OPPORTUNITY
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
31,452 SF
Building Class
C
Year Built
1989
Price
$9,244,935 CAD
Price Per SF
$293.94 CAD
Cap Rate
7.86%
NOI
$726,644 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
18,651 SF
Slab To Slab
10’
Building FAR
0.48
Lot Size
1.52 AC
Zoning
PUD
Parking
100 Spaces (2.61 Spaces per 1,000 SF Leased)
Amenities
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $12,651,328 CAD | |
| Land Assessment | $5,677,364 CAD | Total Assessment | $18,328,692 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$5,677,364 CAD
Improvements Assessment
$12,651,328 CAD
Total Assessment
$18,328,692 CAD
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