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Custom Security Bldg 4500 3rd Ave SE 26,475 SF Office Building Lacey, WA 98503 $4,200,000 ($158.64/SF)
Investment Highlights
- Two-story office facility situated on a 1.17-acre site in Lacey’s established commercial district.
- Provides 60 surface parking spaces with easy ingress and egress for tenants and visitors.
- Redevelopment flexibility with potential conversion to 32 apartment units plus additional capacity for future expansion.
- Located within a federally designated Opportunity Zone, offering potential tax advantages for qualifying investors.
- Convenient access to Interstate 5, enabling direct connectivity to Olympia and greater Puget Sound markets.
- Positioned near retail, municipal offices, and essential services, ensuring strong accessibility for businesses and employees.
Executive Summary
Versatile 32,000 SF Office Building with Exceptional Access. This two story office building offers outstanding visibility, parking, and immediate access to I-5 North and Southbound, making it ideal for a wide range of commercial uses. Strategically located near the city center and the new City Hall, the property offers a high-profile presence. Previously utilized as a call center and home to a security business , the building is equipped with advanced security systems and specialized clean agent fire suppression, making it an excellent fit for data centers, telecom operations, or network infrastructure hubs. a portion of the ground floor features raised access flooring with modular panels, providing efficient and flexible cable management. The layout is easily demisable into four distinct separately leasable sections, Served by central elevator and grand central stairway.
Property Facts
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
26,475 SF
Building Class
C
Year Built/Renovated
1978/1990
Price
$4,200,000
Price Per SF
$158.64
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
13,237 SF
Slab To Slab
14’
Building FAR
0.33
Lot Size
1.85 AC
Opportunity Zone
Yes
Zoning
WD
Parking
60 Spaces (2.27 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,056,900 | |
| Land Assessment | $1,422,500 | Total Assessment | $5,479,400 |
Property Taxes
Parcel Numbers
Land Assessment
$1,422,500
Improvements Assessment
$4,056,900
Total Assessment
$5,479,400
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
Map
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Contact the Sale Advisor
Custom Security Bldg | 4500 3rd Ave SE