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Historic Downtown Olympia Portfolio 2 Properties Offered at $4,100,000 in Olympia, WA
INVESTMENT HIGHLIGHTS
- Iconic downtown Olympia corner location with high visibility
- Historic architecture with preserved marble and mahogany finishes
- 92% leased across 95 professional office and retail suites
- Recent capital improvements including boiler and elevator upgrades
EXECUTIVE SUMMARY
A rare opportunity to acquire The Security and White Buildings, two iconic, historically significant mixed-use assets located at 203–209 4th Avenue East in Downtown Olympia, Washington. Built in 1926 and 1908, the buildings feature Sullivanesque and Mission Revival architecture with preserved marble, mahogany, and ornate plaster details. Ideally positioned at the corner of 4th Avenue and Washington Street, the 44,419 SF portfolio’s 95 tenant spaces are 92% leased to a diverse mix of professional office and retail tenants. The current work-from-home trend contributes to the portfolios’ high occupancy; many of the tenants utilize their space as an alternative or in conjunction with their work-from-home schedules.
PROPERTY FACTS
| Price | $4,100,000 | Number of Properties | 2 |
| Price / SF | $92.30 / SF | Individually For Sale | 0 |
| Cap Rate | 8% | Total Building Size | 44,419 SF |
| Sale Type | Investment | Total Land Area | 0.34 AC |
| Status | Active |
| Price | $4,100,000 |
| Price / SF | $92.30 / SF |
| Cap Rate | 8% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 44,419 SF |
| Total Land Area | 0.34 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Security Bldg
201-205 4th Ave E, Olympia, WA 98501 |
Office | 31,459 SF | 1926 | - |
|
White Bldg
207-211 4th Ave E, Olympia, WA 98501 |
Retail | 12,960 SF | 1908 | - |
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Historic Downtown Olympia Portfolio
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