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Blake Office Park 2 Office Properties Offered at $8,500,000 in Lacey, WA
Executive Summary
Two Class A office buildings totaling 108,000 SF offered for sale at $8,500,000. Recently renovated and ideally located in the Lacey/Woodland District near I-5 with ample parking and walkable access to shopping, grocery, banking, dining, and professional services. The 54,000 SF building at 4450 is vacant and available for occupancy. The 54,000 SF building at 4500 is leased through July 31, 2029 (tenant: DSHS, with termination option). Current annual income: $1,306,191. Current annual expenses: $409,537
Property Facts
| Price | $8,500,000 | Number of Properties | 2 |
| Price / SF | $78.13 / SF | Individually For Sale | 0 |
| Cap Rate | 4.82% | Total Building Size | 108,788 SF |
| Sale Type | Investment or Owner User | Total Land Area | 5.34 AC |
| Status | Active |
| Price | $8,500,000 |
| Price / SF | $78.13 / SF |
| Cap Rate | 4.82% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 108,788 SF |
| Total Land Area | 5.34 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg B
4500 10th Ave SE, Lacey, WA 98503 |
Office | 54,788 SF | 1999 | - |
|
Bldg A
4450 10th Ave SE, Lacey, WA 98503 |
Office | 54,000 SF | 1999 | - |
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