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108 22nd Ave SW
Olympia, WA 98501
Olympia Professional Bldg · Office Property For Sale
Investment Highlights
- Extremely strong operator with healthy financials, contact agent for details.
- Highly passive single tenant net leased investment.
- Dental practices rarely relocate due to the sunk in costs of tenant improvements.
- Parent company and lease guarantor have over 60 units spread across the united states.
- Newly remodeled interior, showing a commitment to the location.
- NNN Lease w/ limited landlord responsibilities.
Executive Summary
This investment opportunity is for the interest in the condo units occupied by Harbor Kids Dental in Olympia, WA. This medical office building provides a wide range of specialties and the latest technology right inside their conveniently located office. You will find that Harbor Kids Dental is the premier practitioner in the region for anyone in search of a family dentist. » Single Tenant Net Leased Investment | Condo Unit » Occupancy: 100% » Current Rent: $23.62 PSF NNN » Rent will increase on July 1, 2021 by 10% to $38,556.00 or $24.10 PSF NNN » Lease expiration: June 30th, 2026 » Tenant has two (2) options to renew for ten (10) years at an amount equal to 105% of the base rent amount for the immediately preceding 12 month period.
Property Facts
| Property Type | Office | No. Stories | 2 |
| Property Subtype | Medical | Year Built | 1957 |
| Building Class | C | Parking Ratio | 3.03/1,000 SF |
| Lot Size | 0.48 AC | APN / Parcel ID | |
| Rentable Building Area | 15,829 SF | ||
| Zoning | PO/RM | ||
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | C |
| Lot Size | 0.48 AC |
| Rentable Building Area | 15,829 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 3.03/1,000 SF |
| APN / Parcel ID | |
| Zoning | PO/RM |
Amenities
- Central Heating
- Natural Light
- Reception
- Wi-Fi
- Air Conditioning
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