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3467 Galvin Rd 19,292 SF Office Building Centralia, WA 98531 $5,932,660 CAD ($307.52 CAD/SF) 7.07% Cap Rate
INVESTMENT HIGHLIGHTS
- Near public transit
- Roof was replaced in 2016 and resealed in 2021
- Parking lot was seal coated and restriped in 2021
- Direct access to Galvin Road
- Exterior paint was renewed in 2022
EXECUTIVE SUMMARY
• Long Term Lease
Tenant is Department of Children, Youth, and Families. Tenant has been in the property since 2001 and signed a renewal in 2021, ending in 2026. Tenant has additional options to renew.
• Tenant Responsibilities
Tenant pays for water, sewer, garbage, electricity, natural gas and janitorial.
• Landlord Responsibilities
Property taxes, property assessments, insurance, landscaping and building maintenance & repairs.
Tenant is Department of Children, Youth, and Families. Tenant has been in the property since 2001 and signed a renewal in 2021, ending in 2026. Tenant has additional options to renew.
• Tenant Responsibilities
Tenant pays for water, sewer, garbage, electricity, natural gas and janitorial.
• Landlord Responsibilities
Property taxes, property assessments, insurance, landscaping and building maintenance & repairs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
19,292 SF
Building Class
B
Year Built
2001
Price
$5,932,660 CAD
Price Per SF
$307.52 CAD
Cap Rate
7.07%
NOI
$419,709 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
19,292 SF
Building FAR
0.23
Lot Size
1.93 AC
Zoning
M1
Parking
95 Spaces (4.92 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 023923-002-000 | Improvements Assessment | $3,149,791 CAD |
| Land Assessment | $530,717 CAD | Total Assessment | $3,680,508 CAD |
PROPERTY TAXES
Parcel Number
023923-002-000
Land Assessment
$530,717 CAD
Improvements Assessment
$3,149,791 CAD
Total Assessment
$3,680,508 CAD
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3467 Galvin Rd
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