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201-205 4th Ave E
Olympia, WA 98501
Security Bldg · Office Property For Sale
Executive Summary
Olympia’s original skyscraper, The Security Building, is now available for purchase as a standalone investment opportunity. Currently over 94% occupied with 74 individual suites, consisting of 6 ground level retail spaces and 69 executive office suites on floors 2 – 5. The buildings appeal to a diverse group of tenants ensures continued high occupancy and with some tenants currently below market rate rents, the investment provides a solid value-add component.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
31,459 SF
Building Class
B
Year Built
1926
Price
$3,216,000
Price Per SF
$102.23
Cap Rate
8%
NOI
$257,280
Percent Leased
97%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
6,292 SF
Building FAR
4.25
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
DB - Downtown Business
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 78502400100 | Improvements Assessment | $2,969,100 |
| Land Assessment | $132,600 | Total Assessment | $3,101,700 |
Property Taxes
Parcel Number
78502400100
Land Assessment
$132,600
Improvements Assessment
$2,969,100
Total Assessment
$3,101,700
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