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3467 Galvin Rd 19,292 SF Office Building Centralia, WA 98531 $4,250,000 ($220.30/SF) 7.07% Cap Rate
Investment Highlights
- Near public transit
- Roof was replaced in 2016 and resealed in 2021
- Parking lot was seal coated and restriped in 2021
- Direct access to Galvin Road
- Exterior paint was renewed in 2022
Executive Summary
• Long Term Lease
Tenant is Department of Children, Youth, and Families. Tenant has been in the property since 2001 and signed a renewal in 2021, ending in 2026. Tenant has additional options to renew.
• Tenant Responsibilities
Tenant pays for water, sewer, garbage, electricity, natural gas and janitorial.
• Landlord Responsibilities
Property taxes, property assessments, insurance, landscaping and building maintenance & repairs.
Tenant is Department of Children, Youth, and Families. Tenant has been in the property since 2001 and signed a renewal in 2021, ending in 2026. Tenant has additional options to renew.
• Tenant Responsibilities
Tenant pays for water, sewer, garbage, electricity, natural gas and janitorial.
• Landlord Responsibilities
Property taxes, property assessments, insurance, landscaping and building maintenance & repairs.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
19,292 SF
Building Class
B
Year Built
2001
Price
$4,250,000
Price Per SF
$220.30
Cap Rate
7.07%
NOI
$300,668
Tenancy
Single
Building Height
1 Story
Typical Floor Size
19,292 SF
Building FAR
0.23
Lot Size
1.93 AC
Zoning
M1
Parking
95 Spaces (4.92 Spaces per 1,000 SF Leased)
1 1
Property Taxes
| Parcel Number | 023923-002-000 | Improvements Assessment | $2,245,200 |
| Land Assessment | $378,300 | Total Assessment | $2,623,500 |
Property Taxes
Parcel Number
023923-002-000
Land Assessment
$378,300
Improvements Assessment
$2,245,200
Total Assessment
$2,623,500
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3467 Galvin Rd
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