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Custom Security Bldg 4500 3rd Ave SE 26,475 SF Office Building Lacey, WA 98503 $7,948,023 CAD ($300.21 CAD/SF)
Investment Highlights
- Two-story office facility situated on a 1.17-acre site in Lacey’s established commercial district.
- Provides 60 surface parking spaces with easy ingress and egress for tenants and visitors.
- Redevelopment flexibility with potential conversion to 32 apartment units plus additional capacity for future expansion.
- Located within a federally designated Opportunity Zone, offering potential tax advantages for qualifying investors.
- Convenient access to Interstate 5, enabling direct connectivity to Olympia and greater Puget Sound markets.
- Positioned near retail, municipal offices, and essential services, ensuring strong accessibility for businesses and employees.
Executive Summary
Can be converted in to a 32 Unit apartment. Room on the side to build an additional 32 units.
Building was redeveloped from warehouse to office.
Building was redeveloped from warehouse to office.
Property Facts
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
26,475 SF
Building Class
C
Year Built/Renovated
1978/1990
Price
$7,948,023 CAD
Price Per SF
$300.21 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
13,237 SF
Slab To Slab
14’
Building FAR
0.52
Lot Size
1.17 AC
Opportunity Zone
Yes
Zoning
WD
Parking
60 Spaces (2.27 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 11817410205 | Improvements Assessment | $0 CAD |
| Land Assessment | $259,642 CAD | Total Assessment | $259,642 CAD |
Property Taxes
Parcel Number
11817410205
Land Assessment
$259,642 CAD
Improvements Assessment
$0 CAD
Total Assessment
$259,642 CAD
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Custom Security Bldg | 4500 3rd Ave SE
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