204 5th Ave SE, Olympia, WA
Retail for Sale - $1,550,000 - 14,796 Sq. Ft. on 7405 acres
Property Info
| CIMLS# | 796119 |
| Location 204 5th Ave SE Olympia WA 98501 | |
| Updated | December 12th, 2015 |
| Type | Retail |
| Price | $1,550,000 |
| Building | 14,796 Sq. Ft. |
| Land | 7405 acres |
Property Description
Coast SVN is pleased to present the Capitol Theatre Building, a 100% occupied mixed-use building located in downtown Olympia. The property is divided into 16 suites, consisting of ground floor retail and 2nd floor office space. The Capitol Theatre Building is a stable investment property with staggered lease expirations and upside potential in lease rates.
Location Description:
The Capitol Theatre Building is located at the signalized intersection of 5th Ave SE and Washington St SE, 1 mile from the Washington State Legislative Building.
Highlights:
>> Stable Property with Upside Rent Potential
>> Long-Term Staggered Leases
>> Small Suite Sizes Reduce Risk
>> Located at Signalized Intersection 1 Mile From State Capitol
Financials
Sales Info:
>> Cap rate: 8.0%
>> Commision split: 2.5%
>> NOI: $124038
