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Investment Highlights

  • High Traffic Location
  • Employee Lounge Area
  • Multiple Offices

Executive Summary

Prime commercial real estate opportunity in Sequim, WA, specifically within the 5th Avenue Professional Plaza. The space boasts 1200+ sqft w/multiple private offices, dedicated storage, employee lounge in a professional plaza. Large enough for a specialized clinic or a small-to-medium professional firm. Exterior signage rights are also highly valuable here, as N. 5th Avenue sees consistent daily traffic from locals and commuters. Investment Potential: With an average cap rate for Sequim office space hovering around 6.9%, this unit represents a stable asset for an owner-user or an investor looking to lease to medical professionals. Call 360-582-6417 for more information.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 1
  • 1,228 SF
  • Office
  • $295,000 ($240.23/SF)
  • -
Sale Type Investment or Owner User
APN/Parcel ID 0330196500603070
Description
Great office space located in the heart of Sequim in the 5th Avenue Professional Plaza. This prime office space boasts 1200+ sqft w/multiple offices, storage room & employee lounge area w/sink & dishwasher. High speed internet, ample parking, & exterior signage are just some of the perks. 5th Plaza business park is situated on a highly trafficked road surrounded by other professional office buildings near OMC & Jamestown medical facilities.
Sale Notes
Showings will be scheduled when offices are vacant between appointments. Refrigerator does not convey. HOA fee is
$270mo. Zoning is Lifestyle District - Please open escrow through Clallam Title (Sue Baldy) and use First American Title.
Buyers agent must be present at all showings, inspections & appraisals or commission shall be reduced to 1%. Please send
all offers to marketingteam@brodybroker.com & docs@ideallife.com
Unit Unit Size Condo Use Price NOI
Unit 1 1,228 SF Office $295,000 ($240.23/SF) -

Unit 1

Unit Size
1,228 SF
Condo Use
Office
Price
$295,000 ($240.23/SF)
NOI
-

Unit 1

Unit Size 1,228 SF
Condo Use Office
Price $295,000 ($240.23/SF)
NOI -
Sale Type Investment or Owner User
APN/Parcel ID 0330196500603070
Description
Great office space located in the heart of Sequim in the 5th Avenue Professional Plaza. This prime office space boasts 1200+ sqft w/multiple offices, storage room &amp; employee lounge area w/sink &amp; dishwasher. High speed internet, ample parking, &amp; exterior signage are just some of the perks. 5th Plaza business park is situated on a highly trafficked road surrounded by other professional office buildings near OMC &amp; Jamestown medical facilities.</li></ul>
Sale Notes
Showings will be scheduled when offices are vacant between appointments. Refrigerator does not convey. HOA fee is<br> $270mo. Zoning is Lifestyle District - Please open escrow through Clallam Title (Sue Baldy) and use First American Title.<br> Buyers agent must be present at all showings, inspections &amp; appraisals or commission shall be reduced to 1%. Please send<br> all offers to marketingteam@brodybroker.com &amp; docs@ideallife.com</li></ul>

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 6,000 SF
Property Type Office (Condo)
Property Subtype Medical
Building Class C
Floors 2
Typical Floor Size 3,000 SF
Year Built 2007
Lot Size 0.42 AC
Opportunity Zone Yes
Zoning S_LD - Lifestyle District

Amenities

  • 24 Hour Access
  • Signage
  • Storage Space
  • Monument Signage
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
40/100
  • Listing ID: 31153355

  • Date on Market: 3/7/2024

  • Last Updated:

  • Address: 534 N 5th Ave, Sequim, WA 98382

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