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2404 Chandler Ct SW
Olympia, WA 98502
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Excellent proximity—just 10 minutes to downtown Olympia, 15 minutes to I-5, and approximately 60 minutes to both Sea-Tac Airport and the Seattle metro
- Prime West Olympia location offers excellent Highway 101 visibility and access.
- Strong tenant mix includes government agencies with long-term leases in place.
- The property is fully leased, generating stable income with a 7.5% cap rate.
EXECUTIVE SUMMARY
100% LEASE VALUE ADD OPPORTUNITY
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
31,452 SF
Building Class
C
Year Built
1989
Price
$6,750,000
Price Per SF
$214.61
Cap Rate
7.86%
NOI
$530,544
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
18,651 SF
Slab To Slab
10’
Building FAR
0.48
Lot Size
1.52 AC
Zoning
PUD
Parking
100 Spaces (2.61 Spaces per 1,000 SF Leased)
AMENITIES
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $12,197,100 | |
| Land Assessment | $1,846,800 | Total Assessment | $14,043,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,846,800
Improvements Assessment
$12,197,100
Total Assessment
$14,043,900
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