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321 Lofts & Franklin Loft Apartments 2 Multifamily Properties Offered at $17,369,001 CAD in Olympia, WA
Investment Highlights
- Attractive assumable debt at 3.38% rate through April, 2031
- Highly walkable 50 Yard Line Historic District location
- Quality construction with rental upside; prime candidate for groups in a 1031 exchange
- 6.2% T-12 Cap Rate provides 280+ basis points of positive leverage immediately
- Superb neighborhood demographics driven by close proximity to top employers
Executive Summary
Two adjacent apartment communities in the heart of downtown Olympia | 55 TOTAL UNITS
Property Facts
| Price | $17,369,001 CAD | Number of Properties | 2 |
| Price / SF | $221.49 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 78,419 SF |
| Status | Active | Total Land Area | 1.03 AC |
| Price | $17,369,001 CAD |
| Price / SF | $221.49 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 78,419 SF |
| Total Land Area | 1.03 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
321 Lofts
321 Legion Way, Olympia, WA 98501 |
Multifamily | 51,859 SF | 2016 | - |
|
Franklin Lofts
600 Franklin St SE, Olympia, WA 98501 |
Multifamily | 26,560 SF | 1967 | - |
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321 Lofts & Franklin Loft Apartments
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