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Stabilized Multi-Tenant Investment 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
The Security & White Buildings present a rare opportunity to acquire a high-occupancy, multi-tenant investment portfolio in the heart of Downtown Olympia. Comprised of 44,419 square feet across 95 tenant spaces and currently 93% leased, the property delivers diversified, in-place income supported by strong demand for executive office and street-level retail space. Offered at $4,100,000, this downtown corner asset combines immediate cash flow, recent capital improvements, and long-term positioning in Washington’s capital city.
Security Building:
Constructed, 1926
31,459 SF (26,635 RSF)
Five (5) stories (retail on ground floor,
four (4) floors of executive office above.
White Building:
Constructed, 1908
12,960 SF (10,980 RSF)
Two (2) stories (retail on ground floor,
offices above).
Investment Snapshot:
95 Tenant Spaces
93% Leased
Recent Capital Improvements
Diversified Tenancy
Security Building:
Constructed, 1926
31,459 SF (26,635 RSF)
Five (5) stories (retail on ground floor,
four (4) floors of executive office above.
White Building:
Constructed, 1908
12,960 SF (10,980 RSF)
Two (2) stories (retail on ground floor,
offices above).
Investment Snapshot:
95 Tenant Spaces
93% Leased
Recent Capital Improvements
Diversified Tenancy
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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Stabilized Multi-Tenant Investment
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