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3467 Galvin Rd 19,292 SF Office Building Centralia, WA 98531 $5,812,725 CAD ($301.30 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
$5,812,725 CAD
Price Per SF
$301.30 CAD
Cap Rate
7.07%
NOI
$411,224 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
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 023923-002-000 | Improvements Assessment | $3,090,585 CAD |
| Land Assessment | $520,741 CAD | Total Assessment | $3,611,327 CAD |
Property Taxes
Parcel Number
023923-002-000
Land Assessment
$520,741 CAD
Improvements Assessment
$3,090,585 CAD
Total Assessment
$3,611,327 CAD
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3467 Galvin Rd
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